Insider Selling: Nextdoor (NYSE:NXDR) CAO Sells 10,800 Shares of Company Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 10,800 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $2.72, for a total value of $29,376.00. Following the transaction, the chief accounting officer directly owned 10,800 shares in the company, valued at approximately $29,376. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 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 value of $105,200.00.
• On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The stock was sold at an average price of $2.43, for a total value 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 value of $80,057.25.

Nextdoor Stock Performance

NXDR stock traded up $0.10 on Thursday, hitting $2.60. 1,876,740 shares of the company’s stock were exchanged, compared to its average volume of 2,995,365. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72. The firm has a 50 day moving average price of $2.43 and a two-hundred day moving average price of $2.14. The stock has a market cap of $991.61 million, a P/E ratio of -32.50 and a beta of 1.41.

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

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Nextdoor

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue acquired a new stake in shares of Nextdoor during the third quarter worth $25,000. Squarepoint Ops LLC increased its position in shares of Nextdoor by 51.4% in the 2nd quarter. Squarepoint Ops LLC now owns 789,512 shares of the company’s stock valued at $1,792,000 after acquiring an additional 268,007 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Nextdoor in the 2nd quarter valued at $331,000. Byrne Asset Management LLC increased its position in shares of Nextdoor by 12.3% in the 2nd quarter. Byrne Asset Management LLC now owns 145,600 shares of the company’s stock valued at $331,000 after acquiring an additional 16,000 shares during the period. Finally, Amundi raised its stake in Nextdoor by 16.9% in the 1st quarter. Amundi now owns 203,999 shares of the company’s stock worth $286,000 after acquiring an additional 29,435 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

About Nextdoor

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.