Nextdoor (NYSE:NXDR) CAO Antoinette How Sells 35,581 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 35,581 shares of Nextdoor stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total value of $80,057.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextdoor Stock Performance

Nextdoor stock traded down $0.01 during trading on Friday, hitting $2.24. The company’s stock had a trading volume of 2,712,025 shares, compared to its average volume of 3,136,708. The stock’s fifty day moving average is $2.37 and its 200 day moving average is $1.97. Nextdoor Holdings, Inc. has a 1-year low of $1.33 and a 1-year high of $3.72. The stock has a market capitalization of $854.31 million, a price-to-earnings ratio of -28.00 and a beta of 1.37.

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

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on NXDR shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Nextdoor in a research report on Friday, July 10th. Wall Street Zen raised shares of Nextdoor from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Citigroup increased their price target on shares of Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a research note on Monday, August 17th. B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and lifted their price target for the company from $2.00 to $3.30 in a report on Thursday, August 6th. Finally, The Goldman Sachs Group reissued a “neutral” rating and set a $2.25 price objective on shares of Nextdoor in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $2.80.

Hedge Funds Weigh In On Nextdoor

A number of large investors have recently modified their holdings of NXDR. Farther Finance Advisors LLC acquired a new position in shares of Nextdoor in the 4th quarter valued at about $25,000. Commonwealth Equity Services LLC acquired a new stake in Nextdoor during the 4th quarter worth approximately $27,000. Mackenzie Financial Corp purchased a new position in Nextdoor in the fourth quarter valued at approximately $29,000. Cibc World Markets Corp purchased a new position in Nextdoor in the fourth quarter valued at approximately $30,000. Finally, HighTower Advisors LLC acquired a new position in Nextdoor during the fourth quarter valued at approximately $33,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.