Nextdoor (NYSE:NXDR) CAO Antoinette How Sells 10,800 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 10,800 shares of the stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $2.72, for a total transaction of $29,376.00. Following the sale, the chief accounting officer directly owned 10,800 shares in the company, valued at $29,376. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $2.63, for a total transaction of $105,200.00.
• 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 shares were sold at an average price of $2.25, for a total value of $80,057.25.

Nextdoor Stock Up 4.0%

Shares of NYSE:NXDR opened at $2.60 on Friday. Nextdoor Holdings, Inc. has a 52-week low of $1.33 and a 52-week high of $3.72. The stock has a market cap of $991.61 million, a P/E ratio of -32.50 and a beta of 1.41. The business has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.15.

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

Analysts Set New Price Targets

A number of brokerages recently issued reports on NXDR. Citigroup raised their price objective on Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a research report on Monday, August 17th. B. Riley Financial raised 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 research report on Thursday, August 6th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Nextdoor in a research note on Tuesday, October 6th. 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 company. Based on data from MarketBeat, Nextdoor currently has a consensus rating of “Hold” and a consensus target price of $2.80.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of NXDR. State of Alaska Department of Revenue acquired a new position in Nextdoor during the 3rd quarter worth about $25,000. Squarepoint Ops LLC boosted its holdings in Nextdoor by 51.4% during 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 purchased a new position in Nextdoor during the 2nd quarter valued at about $331,000. Byrne Asset Management LLC grew its position in 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 in the last quarter. Finally, Amundi grew its position in Nextdoor by 16.9% in the 1st quarter. Amundi now owns 203,999 shares of the company’s stock valued at $286,000 after acquiring an additional 29,435 shares in the last quarter. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Nextdoor Company Profile

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.