Globeflex Capital L P Acquires New Stake in Nextdoor Holdings, Inc. $KIND

Globeflex Capital L P bought a new position in Nextdoor Holdings, Inc. (NYSE:KIND) in the second quarter, HoldingsChannel.com reports. The firm bought 481,684 shares of the company’s stock, valued at approximately $1,093,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Nextdoor by 1.2% in the third quarter. Vanguard Group Inc. now owns 16,051,399 shares of the company’s stock valued at $30,177,000 after purchasing an additional 188,633 shares in the last quarter. Westerly Capital Management LLC raised its position in Nextdoor by 25.4% in the 3rd quarter. Westerly Capital Management LLC now owns 4,450,000 shares of the company’s stock valued at $8,366,000 after buying an additional 900,000 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its position in Nextdoor by 20.0% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 3,187,166 shares of the company’s stock valued at $5,992,000 after buying an additional 532,267 shares during the last quarter. Plustick Management LLC bought a new stake in Nextdoor in the 3rd quarter valued at approximately $4,888,000. Finally, Potrero Capital Research LLC bought a new stake in Nextdoor in the 3rd quarter valued at approximately $4,823,000. Institutional investors own 35.66% of the company’s stock.

Nextdoor Stock Performance

KIND opened at $2.39 on Tuesday. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $1.96. The stock’s fifty day simple moving average is $2.35 and its 200 day simple moving average is $1.94. The stock has a market cap of $914.39 million, a PE ratio of -9.96 and a beta of 1.19.

Nextdoor Company Profile

Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.

Nextdoor generates revenue primarily through advertising and paid business services.