Insider Selling: Nextdoor (NYSE:NXDR) General Counsel Sells $45,392.10 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) General Counsel Sophia Schwartz sold 23,278 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The shares were sold at an average price of $1.95, for a total value of $45,392.10. Following the completion of the transaction, the general counsel directly owned 286,587 shares in the company, valued at approximately $558,844.65. The trade was a 7.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Nextdoor Trading Up 4.1%

Shares of NYSE NXDR opened at $2.02 on Friday. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $3.72.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Nextdoor stock. Savvy Advisors Inc. bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:NXDR) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 21,266 shares of the company’s stock, valued at approximately $45,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on shares of Nextdoor in a report on Thursday, January 15th. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Nextdoor presently has an average rating of “Sell”.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.