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

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 154,893 shares of the firm’s 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 owned 154,893 shares in the company, valued at approximately $376,389.99. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 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 transaction of $80,057.25.

Nextdoor Stock Up 0.2%

Shares of NXDR stock opened at $2.48 on Friday. The company’s 50 day moving average is $2.38 and its 200 day moving average is $2.02. The firm has a market cap of $947.75 million, a price-to-earnings ratio of -31.06 and a beta of 1.37. Nextdoor Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $3.72.

Nextdoor (NYSE:NXDR) last announced its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.01. The business 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%. Analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Nextdoor

Large investors have recently bought and sold shares of the company. Squarepoint Ops LLC increased its holdings in Nextdoor by 51.4% in the 2nd quarter. Squarepoint Ops LLC now owns 789,512 shares of the company’s stock worth $1,792,000 after buying an additional 268,007 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Nextdoor in the 2nd quarter valued at $331,000. Byrne Asset Management LLC increased its stake in shares of Nextdoor by 12.3% in the second quarter. Byrne Asset Management LLC now owns 145,600 shares of the company’s stock worth $331,000 after acquiring an additional 16,000 shares during the period. Amundi increased its stake in shares of Nextdoor by 16.9% in the first quarter. Amundi now owns 203,999 shares of the company’s stock worth $286,000 after acquiring an additional 29,435 shares during the period. Finally, Quantinno Capital Management LP raised its holdings in shares of Nextdoor by 177.5% during the first quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock worth $43,000 after purchasing an additional 19,661 shares during the last quarter. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Wall Street Analysts Forecast Growth

NXDR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a research report on Friday, July 10th. B. Riley Financial raised Nextdoor from a “neutral” rating to a “buy” rating and upped their price target for the stock from $2.00 to $3.30 in a research report on Thursday, August 6th. Finally, Citigroup increased their price objective on 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 issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.80.

About Nextdoor

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.