2 weeks Ago By Defense World Staff
Geode Capital Management LLC lifted its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND – Free Report) by 5.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission.
The fund owned 4,258,509 shares of the company’s stock after acquiring an additional 215,781 shares during the quarter. Geode Capital Management LLC owned approximately 1.11% of Nextdoor worth $10,095,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in KIND. Vanguard Group Inc. raised its holdings in Nextdoor by 6.
3% during the 4th quarter. Vanguard Group Inc. now owns 17,609,806 shares of the company’s stock worth $41,735,000 after purchasing an additional 1,041,258 shares during the last quarter.
State Street Corp grew its position in shares of Nextdoor by 1.3% during the 3rd quarter. State Street Corp now owns 3,568,959 shares of the company’s stock worth $8,851,000 after buying an additional 46,595 shares during the period.
Arrowstreet Capital Limited Partnership grew its position in shares of Nextdoor by 115.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,696,339 shares of the company’s stock worth $6,390,000 after buying an additional 1,444,343 shares during the period.
Charles Schwab Investment Management Inc. raised its stake in shares of Nextdoor by 16.2% during the fourth quarter.
Charles Schwab Investment Management Inc. now owns 1,633,369 shares of the company’s stock worth $3,871,000 after buying an additional 227,208 shares during the last quarter. Finally, JPMorgan Chase & Co.
lifted its holdings in Nextdoor by 72.7% in the fourth quarter. JPMorgan Chase & Co.
now owns 1,252,571 shares of the company’s stock valued at $2,969,000 after buying an additional 527,226 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.
Insider Activity at NextdoorIn related news, General Counsel Sophia Schwartz sold 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The shares were sold at an average price of $1.72, for a total value of $25,800.
00. Following the sale, the general counsel now directly owns 267,445 shares of the company’s stock, valued at approximately $460,005.40.
The trade was a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
46.04% of the stock is owned by insiders. Wall Street Analysts Forecast GrowthA number of analysts have commented on the stock.
The Goldman Sachs Group lowered their target price on shares of Nextdoor from $2.50 to $1.75 and set a “neutral” rating for the company in a report on Monday, April 14th.
Craig Hallum began coverage on Nextdoor in a research note on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective for the company.
Get Our Latest Research Report on NextdoorNextdoor Stock PerformanceShares of NYSE KIND opened at $1.42 on Wednesday. Nextdoor Holdings, Inc.
has a 52-week low of $1.35 and a 52-week high of $3.00.
The stock has a market cap of $546.62 million, a P/E ratio of -4.42 and a beta of 1.
16. The firm has a 50 day moving average price of $1.80 and a 200 day moving average price of $2.
25. Nextdoor (NYSE:KIND – Get Free Report) last announced its quarterly earnings results on Thursday, February 27th. The company reported ($0.
03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). The company had revenue of $65.
23 million during the quarter, compared to analyst estimates of $63.12 million. Nextdoor had a negative net margin of 53.
23% and a negative return on equity of 19.42%. Analysts predict that Nextdoor Holdings, Inc.
will post -0.22 earnings per share for the current fiscal year. About Nextdoor (Free Report)Nextdoor Holdings, Inc operates a neighborhood network that connects neighbors, businesses, and public services in the United States and internationally.
The company enables neighbors and organizations to get information, give and get help, and build connections. It also offers advertising solutions, designs to generate value for businesses for connection and sales expansion.Featured StoriesFive stocks we like better than NextdoorHow to Calculate Inflation RateHow to Invest in Micro-Cap Stocks Like a Pro3 Stocks to Protect Your Portfolio from the Coronavirus Contagion Investors Sell Microsoft Stock on OpenAI News—Time to Buy? Industrial Products Stocks Investing Take-Two Interactive: A Defensive Play Set to Explode.
