Nextdoor Holdings, Inc. (NYSE:NXDR – Get Free Report) CRO Michael Kiernan sold 50,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $2.54, for a total transaction of $127,000.00. Following the transaction, the executive owned 458,602 shares of the company’s stock, valued at $1,164,849.08. This trade represents a 9.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Nextdoor Price Performance
NXDR stock traded up $0.05 during midday trading on Thursday, reaching $2.43. 2,668,058 shares of the stock were exchanged, compared to its average volume of 3,097,586. The stock has a market capitalization of $925.25 million, a PE ratio of -30.33 and a beta of 1.37. Nextdoor Holdings, Inc. has a 52 week low of $1.33 and a 52 week high of $3.72. The company has a fifty day moving average price of $2.38 and a 200 day moving average price of $2.04.
Nextdoor (NYSE:NXDR – Get Free Report) last posted its earnings results on Tuesday, August 4th. The company reported ($0.01) EPS for the quarter, beating the consensus estimate of ($0.02) by $0.01. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%.The firm had revenue of $74.55 million during the quarter, compared to the consensus estimate of $72.10 million. As a group, analysts anticipate that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Nextdoor
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Citigroup boosted their target price on shares of Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a report on Monday, August 17th. B. Riley Financial raised shares of Nextdoor from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $2.00 to $3.30 in a research note on Thursday, August 6th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Nextdoor in a report on Friday, July 10th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Nextdoor has an average rating of “Hold” and a consensus price target of $2.80.
Get Our Latest Research Report on NXDR
About Nextdoor
Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform available through mobile applications and the web. The service enables people to connect with nearby residents, exchange local information, request and provide recommendations, share alerts, and discuss community issues. Users generally join neighborhood networks tied to their residential locations, helping Nextdoor support conversations based on geographic communities.
The platform also offers features for local businesses, public agencies, and nonprofit organizations.
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