Nextdoor (NYSE:NXDR) CAO Sells $27,173.25 in Stock

Nextdoor Holdings, Inc. (NYSE:NXDR) CAO Antoinette How sold 13,935 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were sold at an average price of $1.95, for a total transaction of $27,173.25. Following the sale, the chief accounting officer directly owned 18,270 shares of the company’s stock, valued at $35,626.50. This represents a 43.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Nextdoor Price Performance

Shares of NXDR traded down $0.04 during midday trading on Tuesday, hitting $1.88. The stock had a trading volume of 2,965,157 shares, compared to its average volume of 3,971,163. The stock has a market cap of $735.21 million, a price-to-earnings ratio of -11.72 and a beta of 1.18. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $3.72.

Institutional Trading of Nextdoor

A hedge fund recently bought a new stake in Nextdoor stock. Savvy Advisors Inc. acquired a new stake in shares of Nextdoor Holdings, Inc. (NYSE:NXDR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 21,266 shares of the company’s stock, valued at approximately $45,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analysts Set New Price Targets

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

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.