61,129 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 61,129 shares of the company’s stock, valued at approximately $152,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KIND. Price T Rowe Associates Inc. MD grew its stake in shares of Nextdoor by 28.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 43,779 shares of the company’s stock worth $99,000 after purchasing an additional 9,689 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Nextdoor by 50.6% during the second quarter. SG Americas Securities LLC now owns 34,016 shares of the company’s stock worth $95,000 after purchasing an additional 11,424 shares in the last quarter. Waypoint Wealth Partners Inc. grew its stake in shares of Nextdoor by 12.8% during the second quarter. Waypoint Wealth Partners Inc. now owns 681,670 shares of the company’s stock worth $1,895,000 after purchasing an additional 77,441 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Nextdoor by 6.2% during the second quarter. Bank of New York Mellon Corp now owns 532,872 shares of the company’s stock worth $1,481,000 after purchasing an additional 31,133 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Nextdoor in the second quarter valued at $49,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their price target on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Insider Activity

In other news, General Counsel Sophia Schwartz sold 17,529 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.58, for a total value of $45,224.82. Following the completion of the sale, the general counsel now directly owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This represents a 5.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders sold 36,622 shares of company stock valued at $91,799. Insiders own 46.04% of the company’s stock.

Nextdoor Price Performance

Shares of KIND opened at $2.75 on Wednesday. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $2.99. The stock has a market cap of $1.05 billion, a PE ratio of -8.58 and a beta of 1.07. The firm has a fifty day moving average price of $2.49 and a 200 day moving average price of $2.53.

Nextdoor (NYSE:KIND) last announced its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The firm had revenue of $65.61 million during the quarter, compared to analysts’ expectations of $62.10 million. During the same period in the previous year, the company earned ($0.10) earnings per share. As a group, equities analysts expect that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

About Nextdoor

Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.