Nextdoor (NYSE:NXDR) Stock: Insider Antoinette How Sells 40,000 Shares

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $2.63, for a total value of $105,200.00. Following the completion of the transaction, the chief accounting officer owned 40,000 shares of the company’s stock, valued at approximately $105,200. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 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 transaction of $80,057.25.

Nextdoor Trading Up 1.9%

Shares of Nextdoor stock opened at $2.43 on Friday. The company’s 50-day moving average price is $2.38 and its 200-day moving average price is $2.04. Nextdoor Holdings, Inc. has a 12-month low of $1.33 and a 12-month high of $3.72. The company has a market cap of $925.25 million, a price-to-earnings ratio of -30.33 and a beta of 1.37.

Nextdoor (NYSE:NXDR) last issued 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. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. The company had revenue of $74.55 million during the quarter, compared to analysts’ expectations of $72.10 million. On average, sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.

Institutional Trading of Nextdoor

A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Nextdoor during the 1st quarter worth approximately $37,000. R Squared Ltd lifted its position in Nextdoor by 37.1% in the first quarter. R Squared Ltd now owns 29,325 shares of the company’s stock valued at $41,000 after purchasing an additional 7,941 shares during the last quarter. Caz Investments LP bought a new stake in Nextdoor in the fourth quarter valued at approximately $42,000. Quantinno Capital Management LP boosted its stake in shares of Nextdoor by 177.5% during the first quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock valued at $43,000 after purchasing an additional 19,661 shares during the period. Finally, Coldstream Capital Management Inc. bought a new position in shares of Nextdoor in the fourth quarter worth approximately $44,000. Institutional investors own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NXDR. Citigroup upped their price target on shares of Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a report on Monday, August 17th. B. Riley Financial upgraded Nextdoor from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $2.00 to $3.30 in a research report on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a research report on Friday, July 10th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nextdoor currently has an average rating of “Hold” and a consensus 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.