Nextdoor Holdings, Inc. (NYSE:NXDR – Get Free Report) CAO Antoinette How sold 10,800 shares of the stock in a transaction on Tuesday, October 13th. The shares were sold at an average price of $2.72, for a total value of $29,376.00. Following the transaction, the chief accounting officer directly owned 10,800 shares of the company’s stock, valued at approximately $29,376. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Antoinette How also recently made the following trade(s):
- On Monday, September 21st, Antoinette How sold 40,000 shares of Nextdoor stock. The shares were sold at an average price of $2.63, for a total value of $105,200.00.
- On Tuesday, September 15th, Antoinette How sold 154,893 shares of Nextdoor stock. The shares were sold at an average price of $2.43, for a total value of $376,389.99.
- On Wednesday, September 2nd, Antoinette How sold 35,581 shares of Nextdoor stock. The stock was sold at an average price of $2.25, for a total value of $80,057.25.
Nextdoor Price Performance
Shares of Nextdoor stock traded down $0.14 during trading on Friday, hitting $2.46. The stock had a trading volume of 1,912,899 shares, compared to its average volume of 2,989,953. The firm has a market cap of $938.21 million, a P/E ratio of -30.75 and a beta of 1.41. The business has a fifty day moving average of $2.43 and a two-hundred day moving average of $2.15. Nextdoor Holdings, Inc. has a fifty-two week low of $1.33 and a fifty-two week high of $3.72.
Nextdoor (NYSE:NXDR – Get Free Report) last released its earnings results on Tuesday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. The firm had revenue of $74.55 million for the quarter, compared to analyst estimates of $72.10 million. Nextdoor had a negative return on equity of 6.16% and a negative net margin of 11.08%. As a group, research analysts forecast that Nextdoor Holdings, Inc. will post -0.05 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on NXDR shares. Citigroup lifted their price objective on shares of Nextdoor from $2.30 to $2.85 and gave the stock a “neutral” rating in a research note on Monday, August 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Nextdoor in a research note on Tuesday, October 6th. Finally, B. Riley Financial raised shares of Nextdoor from a “neutral” rating to a “buy” rating and increased their target price for the company from $2.00 to $3.30 in a research note on Thursday, August 6th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nextdoor presently has a consensus rating of “Hold” and an average target price of $2.80.
View Our Latest Analysis on NXDR
Hedge Funds Weigh In On Nextdoor
A number of hedge funds have recently modified their holdings of NXDR. State of Alaska Department of Revenue purchased a new stake in shares of Nextdoor during the third quarter valued at $25,000. SG Americas Securities LLC acquired a new position in shares of Nextdoor in the 1st quarter valued at $37,000. R Squared Ltd increased its stake in Nextdoor by 37.1% in the 1st quarter. R Squared Ltd now owns 29,325 shares of the company’s stock worth $41,000 after purchasing an additional 7,941 shares in the last quarter. Quantinno Capital Management LP increased its stake in Nextdoor by 177.5% in the 1st quarter. Quantinno Capital Management LP now owns 30,737 shares of the company’s stock worth $43,000 after purchasing an additional 19,661 shares in the last quarter. Finally, Granite Investment Partners LLC increased its stake in Nextdoor by 77.9% in the 1st quarter. Granite Investment Partners LLC now owns 31,274 shares of the company’s stock worth $44,000 after purchasing an additional 13,692 shares in the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.
Nextdoor Company Profile
Nextdoor Holdings, Inc operates Nextdoor, a neighborhood-focused social networking platform that helps people connect with verified neighbors and exchange information about their local communities. Through its website and mobile applications, users can share recommendations, discuss local issues, request or offer help, report safety concerns, and discover events, services, and activities nearby.
The platform also provides tools for local businesses, public agencies, and nonprofit organizations.
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