Nextdoor Holdings, Inc. (NYSE:KIND – Get Free Report)’s stock price was down 3.6% on Monday . The company traded as low as $2.33 and last traded at $2.39. 2,408,036 shares traded hands during trading, an increase of 17% from the average session volume of 2,049,735 shares. The stock had previously closed at $2.48.
Nextdoor Stock Down 3.6%
The company’s 50-day moving average price is $2.17 and its 200-day moving average price is $1.87. The firm has a market cap of $914.39 million, a price-to-earnings ratio of -9.96 and a beta of 1.19.
Institutional Investors Weigh In On Nextdoor
Several institutional investors have recently bought and sold shares of KIND. Jump Financial LLC purchased a new stake in Nextdoor during the 2nd quarter worth approximately $35,000. Polymer Capital Management US LLC purchased a new position in shares of Nextdoor in the third quarter valued at approximately $36,000. Coldstream Capital Management Inc. purchased a new position in shares of Nextdoor in the third quarter valued at approximately $36,000. Prudential Financial Inc. boosted its stake in shares of Nextdoor by 95.3% in the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company’s stock worth $39,000 after acquiring an additional 11,390 shares during the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Nextdoor in the third quarter worth approximately $42,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.
About Nextdoor
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.
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