Insider Selling: Nextdoor (NYSE:NXDR) CAO Sells $105,200.00 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 40,000 shares of the stock in a transaction on Monday, September 21st. The stock was sold at an average price of $2.63, for a total transaction of $105,200.00. Following the completion of the sale, the chief accounting officer directly owned 40,000 shares of the company’s stock, valued at $105,200. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 stock was sold at an average price of $2.25, for a total transaction of $80,057.25.

Nextdoor Price Performance

NYSE NXDR traded down $0.14 during trading hours on Wednesday, hitting $2.37. The company had a trading volume of 2,901,780 shares, compared to its average volume of 3,099,910. Nextdoor Holdings, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.72. The company has a market capitalization of $901.99 million, a price-to-earnings ratio of -29.56 and a beta of 1.37. The firm’s 50 day moving average is $2.38 and its 200 day moving average is $2.03.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

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

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.