Nextdoor (NYSE:NXDR) CAO Antoinette How Sells 154,893 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 154,893 shares of the stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $2.43, for a total value of $376,389.99. Following the transaction, the chief accounting officer directly owned 154,893 shares in the company, valued at $376,389.99. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Antoinette How also recently made the following trade(s):

• On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The stock was sold at an average price of $2.25, for a total value of $80,057.25.

Nextdoor Price Performance

Shares of NXDR traded down $0.01 during trading hours on Thursday, hitting $2.48. The stock had a trading volume of 2,332,666 shares, compared to its average volume of 3,099,025. The firm has a market capitalization of $943.94 million, a PE ratio of -30.94 and a beta of 1.37. Nextdoor Holdings, Inc. has a 12 month low of $1.33 and a 12 month high of $3.72. The stock has a fifty day moving average price of $2.37 and a 200 day moving average price of $2.01.

Nextdoor (NYSE:NXDR) last posted its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The company had revenue of $74.55 million for the quarter, compared to the consensus estimate of $72.10 million. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%. As a group, analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Nextdoor

Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Nextdoor in the first quarter worth about $37,000. R Squared Ltd grew its stake in shares of Nextdoor by 37.1% during the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock valued at $41,000 after acquiring an additional 7,941 shares during the period. Caz Investments LP bought a new position in shares of Nextdoor during the 4th quarter valued at approximately $42,000. Quantinno Capital Management LP increased its holdings in Nextdoor by 177.5% in the 1st quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock worth $43,000 after acquiring an additional 19,661 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in Nextdoor during the 4th quarter worth approximately $44,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NXDR has been the topic of several recent research reports. B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $2.00 to $3.30 in a research note on Thursday, August 6th. Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a research report on Friday, July 10th. Finally, Citigroup upped their target price on shares of Nextdoor from $2.30 to $2.85 and gave the company a “neutral” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $2.80.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform available through mobile applications and the web. The service enables people to connect with nearby residents, exchange local information, request and provide recommendations, share alerts, and discuss community issues. Users generally join neighborhood networks tied to their residential locations, helping Nextdoor support conversations based on geographic communities.

The platform also offers features for local businesses, public agencies, and nonprofit organizations.