Nextdoor Holdings, Inc. (NYSE:KIND) Director Purchases 7,287,985.30 in Stock

Nextdoor Holdings, Inc. (NYSE:KINDGet Rating) Director David L. Sze acquired 2,175,518 shares of the stock in a transaction dated Monday, June 6th. The shares were bought at an average cost of 3.35 per share, for a total transaction of 7,287,985.30. Following the completion of the transaction, the director now owns 3,802,966 shares in the company, valued at 12,739,936.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NYSE:KIND traded up 0.15 during trading hours on Tuesday, reaching 3.56. The stock had a trading volume of 6,202,300 shares, compared to its average volume of 2,141,005. Nextdoor Holdings, Inc. has a 52 week low of 2.47 and a 52 week high of 18.59. The company has a 50 day moving average price of 4.22 and a two-hundred day moving average price of 6.16.

Nextdoor (NYSE:KINDGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported -0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of -0.14 by 0.05. The firm had revenue of 51.00 million during the quarter, compared to the consensus estimate of 48.40 million. As a group, analysts anticipate that Nextdoor Holdings, Inc. will post -0.3 EPS for the current year.

A number of research firms have recently weighed in on KIND. The Goldman Sachs Group lowered their price objective on Nextdoor from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Friday, April 1st. Zacks Investment Research downgraded Nextdoor from a “buy” rating to a “hold” rating in a research note on Thursday, June 2nd. Morgan Stanley decreased their target price on Nextdoor from $7.00 to $6.50 and set an “equal weight” rating on the stock in a research note on Tuesday, March 29th. Citigroup assumed coverage on Nextdoor in a research note on Tuesday, April 19th. They set a “neutral” rating and a $6.50 target price on the stock. Finally, Truist Financial assumed coverage on Nextdoor in a research note on Tuesday, March 29th. They set a “hold” rating and a $7.00 target price on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of 7.88.

A number of large investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP increased its position in shares of Nextdoor by 261.4% during the 1st quarter. Quantbot Technologies LP now owns 4,922 shares of the company’s stock valued at $29,000 after purchasing an additional 3,560 shares during the last quarter. Rockefeller Capital Management L.P. bought a new position in shares of Nextdoor during the 4th quarter valued at approximately $40,000. Penserra Capital Management LLC bought a new position in shares of Nextdoor during the 4th quarter valued at approximately $69,000. Envestnet Asset Management Inc. bought a new position in shares of Nextdoor during the 1st quarter valued at approximately $70,000. Finally, International Assets Investment Management LLC bought a new position in shares of Nextdoor during the 4th quarter valued at approximately $79,000.

About Nextdoor (Get Rating)

Nextdoor Holdings, Inc operates as the neighborhood network that connects neighbors, businesses, and public services in the United States and internationally. It enables small and mid-sized businesses, large brands, public agencies, and nonprofits to receive information, give and get help, and build connections.

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