BIT Capital GmbH Acquires Shares of 1,192,494 Nextdoor Holdings, Inc. $KIND

BIT Capital GmbH bought a new stake in Nextdoor Holdings, Inc. (NYSE:KIND) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,192,494 shares of the company’s stock, valued at approximately $2,242,000. BIT Capital GmbH owned about 0.31% of Nextdoor at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd increased its stake in Nextdoor by 3.5% in the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 142,531 shares of the company’s stock valued at $237,000 after buying an additional 4,871 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Nextdoor by 14.5% during the third quarter. Sivia Capital Partners LLC now owns 46,875 shares of the company’s stock worth $88,000 after acquiring an additional 5,935 shares during the period. ProShare Advisors LLC lifted its holdings in Nextdoor by 16.4% during the second quarter. ProShare Advisors LLC now owns 43,416 shares of the company’s stock worth $72,000 after acquiring an additional 6,130 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Nextdoor by 18.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,687 shares of the company’s stock worth $71,000 after purchasing an additional 6,516 shares during the last quarter. Finally, SkyView Investment Advisors LLC grew its stake in Nextdoor by 3.7% in the 2nd quarter. SkyView Investment Advisors LLC now owns 251,657 shares of the company’s stock valued at $403,000 after purchasing an additional 9,049 shares during the period. 35.66% of the stock is currently owned by hedge funds and other institutional investors.

Nextdoor Price Performance

NYSE KIND opened at $1.65 on Friday. The business’s fifty day moving average is $1.99 and its 200-day moving average is $1.96. The stock has a market capitalization of $631.27 million, a price-to-earnings ratio of -6.88 and a beta of 1.19. Nextdoor Holdings, Inc. has a one year low of $1.32 and a one year high of $3.00.

Nextdoor Profile

Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.

Nextdoor generates revenue primarily through advertising and paid business services.