Nextdoor (NYSE:NXDR) CAO Sells $80,057.25 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 35,581 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $2.25, for a total transaction of $80,057.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Nextdoor Stock Performance

Shares of NXDR opened at $2.24 on Monday. The company has a 50 day moving average price of $2.37 and a 200-day moving average price of $1.97. Nextdoor Holdings, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.72. The stock has a market capitalization of $854.31 million, a PE ratio of -28.00 and a beta of 1.37.

Nextdoor (NYSE:NXDR) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.01. The company had revenue of $74.55 million for the quarter, compared to analyst estimates of $72.10 million. Nextdoor had a negative net margin of 11.08% and a negative return on equity of 6.16%. Equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.05 EPS for the current year.

Analyst Upgrades and Downgrades

NXDR has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a research note on Friday, July 10th. Citigroup increased their price target on shares of Nextdoor from $2.30 to $2.85 and gave the company a “neutral” rating in a research report on Monday, August 17th. Finally, B. Riley Financial upgraded shares of Nextdoor from a “neutral” rating to a “buy” rating and raised their price target for the company from $2.00 to $3.30 in a report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $2.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NXDR. Farther Finance Advisors LLC purchased a new stake in Nextdoor in the fourth quarter valued at about $25,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Nextdoor during the fourth quarter valued at about $229,000. Arizona State Retirement System acquired a new position in shares of Nextdoor during the fourth quarter valued at about $126,000. Pictet Asset Management Holding SA purchased a new position in shares of Nextdoor in the 4th quarter valued at approximately $43,000. Finally, IMC Chicago LLC acquired a new stake in Nextdoor in the 4th quarter worth approximately $209,000. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

About Nextdoor

Nextdoor Holdings, Inc (NYSE: NXDR) operates Nextdoor, a private social network designed to connect neighbors and local communities. Founded by Nirav Tolia, Sarah Leary, Prakash Janakiraman and David Wiesen, the company is headquartered in San Francisco and provides an app and web platform where residents can share news, recommendations, safety information, items for sale, and local event notices. The platform is built around verified neighborhood groups and identity-confirmation processes intended to foster trust and relevant local conversations.

Nextdoor’s core products center on the consumer-facing Nextdoor app and web experience, supplemented by tools and services for local businesses, public agencies, and advertisers.