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

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 154,893 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 154,893 shares of the company’s stock, valued at $376,389.99. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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 Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The shares were sold at an average price of $2.25, for a total value of $80,057.25.

Nextdoor Stock Performance

Shares of NYSE:NXDR opened at $2.48 on Friday. The business’s fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.01. The stock has a market cap of $943.94 million, a PE ratio of -30.94 and a beta of 1.37. Nextdoor Holdings, Inc. has a one year low of $1.33 and a one year high of $3.72.

Nextdoor (NYSE:NXDR) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $72.10 million. As a group, equities research analysts predict that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NXDR. Amova Asset Management Americas Inc. purchased a new stake in shares of Nextdoor in the fourth quarter worth about $24,871,000. Renaissance Technologies LLC boosted its holdings in Nextdoor by 4.7% in the first quarter. Renaissance Technologies LLC now owns 3,112,000 shares of the company’s stock worth $4,357,000 after purchasing an additional 139,661 shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Nextdoor by 24.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 2,707,745 shares of the company’s stock valued at $3,791,000 after purchasing an additional 530,913 shares during the last quarter. Bond Capital Management LP acquired a new stake in Nextdoor during the fourth quarter worth about $2,937,000. Finally, Creek Drive Management Group LLC bought a new position in Nextdoor in the fourth quarter worth about $2,625,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and upped their target price for the company from $2.00 to $3.30 in a report on Thursday, August 6th. Citigroup boosted their price objective on shares of Nextdoor from $2.30 to $2.85 and gave the company a “neutral” rating in a research report on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Nextdoor in a research note on Friday, July 10th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average 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.