Insider Selling: Nextdoor (NYSE:NXDR) General Counsel Sells 23,278 Shares of Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) General Counsel Sophia Schwartz sold 23,278 shares of the business’s stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $1.95, for a total value of $45,392.10. Following the sale, the general counsel directly owned 286,587 shares in the company, valued at $558,844.65. The trade was a 7.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Nextdoor Price Performance

Shares of NYSE:NXDR traded down $0.04 during trading on Tuesday, hitting $1.88. The company had a trading volume of 2,965,157 shares, compared to its average volume of 3,971,163. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $3.72. The firm has a market capitalization of $735.21 million, a price-to-earnings ratio of -11.72 and a beta of 1.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Nextdoor in a research note on Thursday. They issued a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Institutional Investors Weigh In On Nextdoor

A hedge fund recently bought a new stake in Nextdoor stock. Savvy Advisors Inc. acquired a new stake in Nextdoor Holdings, Inc. (NYSE:NXDR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 21,266 shares of the company’s stock, valued at approximately $45,000. 35.66% of the stock is currently owned by 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.