Nextdoor Holdings, Inc. (NYSE:KIND) Holdings Boosted by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 818.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 561,684 shares of the company’s stock after purchasing an additional 500,555 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Nextdoor were worth $1,331,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its holdings in shares of Nextdoor by 77.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 10,372 shares of the company’s stock valued at $25,000 after acquiring an additional 4,514 shares in the last quarter. AXQ Capital LP purchased a new position in shares of Nextdoor during the 4th quarter valued at $25,000. SVB Wealth LLC purchased a new position in shares of Nextdoor during the 4th quarter valued at $27,000. US Bancorp DE purchased a new position in shares of Nextdoor during the 4th quarter valued at $29,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Nextdoor during the 4th quarter valued at $34,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on KIND shares. Craig Hallum started coverage on shares of Nextdoor in a research note on Thursday, January 30th. They issued a “buy” rating and a $4.00 price objective for the company. The Goldman Sachs Group reduced their price objective on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating for the company in a research note on Monday, April 14th. Finally, Morgan Stanley lowered shares of Nextdoor from an “equal weight” rating to an “underweight” rating and set a $1.10 price objective for the company. in a research note on Tuesday.

Nextdoor Trading Up 1.0%

KIND stock opened at $1.46 on Friday. Nextdoor Holdings, Inc. has a 1 year low of $1.32 and a 1 year high of $3.00. The company has a fifty day simple moving average of $1.52 and a 200 day simple moving average of $2.13. The firm has a market cap of $562.07 million, a PE ratio of -4.55 and a beta of 1.16.

Nextdoor (NYSE:KIND) last released its earnings results on Wednesday, May 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $54.18 million during the quarter, compared to analyst estimates of $53.14 million. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. As a group, analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nextdoor news, General Counsel Sophia Schwartz sold 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the transaction, the general counsel now owns 267,445 shares of the company’s stock, valued at $460,005.40. The trade was a 5.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 46.04% of the company’s stock.

About Nextdoor

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.