Nextdoor Holdings, Inc. (NYSE:KIND) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC trimmed its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 118,067 shares of the company’s stock after selling 30,056 shares during the quarter. Guggenheim Capital LLC’s holdings in Nextdoor were worth $280,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KIND. Barclays PLC lifted its stake in Nextdoor by 326.2% in the third quarter. Barclays PLC now owns 267,490 shares of the company’s stock worth $663,000 after acquiring an additional 204,729 shares during the last quarter. Geode Capital Management LLC lifted its stake in Nextdoor by 5.3% in the third quarter. Geode Capital Management LLC now owns 4,042,728 shares of the company’s stock worth $10,028,000 after acquiring an additional 205,015 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Nextdoor by 62.2% in the third quarter. JPMorgan Chase & Co. now owns 725,345 shares of the company’s stock worth $1,799,000 after acquiring an additional 278,185 shares during the last quarter. SG Americas Securities LLC lifted its stake in Nextdoor by 51.9% in the fourth quarter. SG Americas Securities LLC now owns 95,537 shares of the company’s stock worth $226,000 after acquiring an additional 32,658 shares during the last quarter. Finally, R Squared Ltd purchased a new position in Nextdoor in the fourth quarter worth approximately $45,000. 35.66% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have weighed in on KIND. The Goldman Sachs Group cut their price objective on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating on the stock in a report on Monday, April 14th. Craig Hallum began coverage on shares of Nextdoor in a report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective on the stock.

Nextdoor Stock Performance

Shares of NYSE KIND opened at $1.50 on Monday. The firm has a market capitalization of $577.52 million, a P/E ratio of -4.67 and a beta of 1.16. Nextdoor Holdings, Inc. has a one year low of $1.35 and a one year high of $3.00. The company’s fifty day moving average is $1.72 and its two-hundred day moving average is $2.23.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, hitting the consensus estimate of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The business had revenue of $65.23 million for the quarter, compared to analyst estimates of $63.12 million. On average, sell-side analysts forecast that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Nextdoor news, General Counsel Sophia Schwartz sold 15,000 shares of Nextdoor stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $1.72, for a total value of $25,800.00. Following the completion of the sale, the general counsel now directly owns 267,445 shares of the company’s stock, valued at approximately $460,005.40. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 46.04% of the stock is owned by corporate insiders.

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.