Nextdoor Holdings, Inc. (NYSE:KIND – Get Free Report) fell 2.3% on Friday . The stock traded as low as $2.10 and last traded at $2.12. 2,331,614 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 2,049,735 shares. The stock had previously closed at $2.17.
Nextdoor Price Performance
The stock has a market capitalization of $849.35 million, a PE ratio of -9.25 and a beta of 1.19. The company has a 50 day moving average price of $1.95 and a 200-day moving average price of $1.85.
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the stock. R Squared Ltd purchased a new stake in shares of Nextdoor in the 3rd quarter worth about $30,000. Jump Financial LLC bought a new position in Nextdoor in the second quarter worth about $35,000. Polymer Capital Management US LLC bought a new position in Nextdoor in the third quarter worth about $36,000. Coldstream Capital Management Inc. purchased a new stake in Nextdoor in the third quarter worth about $36,000. Finally, Prudential Financial Inc. lifted its holdings in Nextdoor by 95.3% in the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company’s stock worth $39,000 after buying an additional 11,390 shares during the period. 35.66% of the stock is owned by hedge funds and other institutional investors.
Nextdoor Company Profile
Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.
Nextdoor generates revenue primarily through advertising and paid business services.
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