Public Employees Retirement System of Ohio purchased a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND – Free Report) during the 2nd quarter, Holdings Channel reports. The fund purchased 273,454 shares of the company’s stock, valued at approximately $621,000.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. AWM Investment Company Inc. acquired a new stake in Nextdoor in the second quarter valued at approximately $6,027,000. Plustick Management LLC acquired a new position in shares of Nextdoor during the third quarter worth $4,888,000. Potrero Capital Research LLC acquired a new position in shares of Nextdoor during the third quarter worth $4,823,000. Arrowstreet Capital Limited Partnership bought a new position in shares of Nextdoor in the 3rd quarter valued at $4,160,000. Finally, AQR Capital Management LLC lifted its stake in shares of Nextdoor by 98.6% in the 2nd quarter. AQR Capital Management LLC now owns 2,306,528 shares of the company’s stock valued at $3,829,000 after acquiring an additional 1,145,006 shares during the last quarter. Institutional investors own 35.66% of the company’s stock.
Nextdoor Stock Down 0.9%
NYSE KIND opened at $2.22 on Thursday. The company has a market cap of $849.35 million, a price-to-earnings ratio of -9.25 and a beta of 1.19. Nextdoor Holdings, Inc. has a twelve month low of $1.32 and a twelve month high of $1.96. The business’s fifty day moving average is $2.37 and its 200 day moving average is $1.99.
Nextdoor 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.
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