Insider Selling: Nextdoor (NYSE:NXDR) CAO Sells $29,376.00 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 10,800 shares of the stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $2.72, for a total transaction of $29,376.00. Following the sale, the chief accounting officer owned 10,800 shares of the company’s stock, valued at $29,376. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, September 21st, Antoinette How sold 40,000 shares of Nextdoor stock. The shares were sold at an average price of $2.63, for a total transaction of $105,200.00.
• On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The shares were sold at an average price of $2.43, for a total transaction of $376,389.99.
• On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The shares were sold at an average price of $2.25, for a total transaction of $80,057.25.

Nextdoor Stock Down 5.4%

NYSE:NXDR opened at $2.46 on Friday. The firm has a market cap of $938.21 million, a PE ratio of -30.75 and a beta of 1.41. Nextdoor Holdings, Inc. has a 12 month low of $1.33 and a 12 month high of $3.72. The company’s 50-day moving average price is $2.43 and its two-hundred day moving average price is $2.15.

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

Institutional Investors Weigh In On Nextdoor

Institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in Nextdoor in the 3rd quarter worth $25,000. SG Americas Securities LLC bought a new position in Nextdoor during the 1st quarter worth about $37,000. R Squared Ltd increased its holdings in Nextdoor by 37.1% during the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock worth $41,000 after purchasing an additional 7,941 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of Nextdoor by 177.5% in the 1st quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock valued at $43,000 after purchasing an additional 19,661 shares during the period. Finally, Granite Investment Partners LLC raised its stake in shares of Nextdoor by 77.9% in the 1st quarter. Granite Investment Partners LLC now owns 31,274 shares of the company’s stock valued at $44,000 after purchasing an additional 13,692 shares during the period. 35.66% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NXDR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a report on Tuesday, October 6th. B. Riley Financial raised 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 report on Thursday, August 6th. Finally, Citigroup increased their price objective on shares of Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Nextdoor presently has a consensus rating of “Hold” and an average price target of $2.80.

Nextdoor Company Profile

Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform that helps people connect with verified neighbors and exchange information about their local communities. Through its website and mobile applications, users can share recommendations, discuss local issues, request or offer help, report safety concerns, and discover events, services, and activities nearby.

The platform also provides tools for local businesses, public agencies, and nonprofit organizations.