99,735 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Acquired by Amundi

Amundi purchased a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 99,735 shares of the company’s stock, valued at approximately $235,000.

Several other institutional investors have also made changes to their positions in KIND. Intech Investment Management LLC acquired a new stake in shares of Nextdoor during the third quarter worth approximately $84,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nextdoor by 5.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after purchasing an additional 75,229 shares during the period. Algert Global LLC boosted its holdings in shares of Nextdoor by 41.5% during the third quarter. Algert Global LLC now owns 654,319 shares of the company’s stock worth $1,623,000 after purchasing an additional 191,998 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Nextdoor by 261.8% during the third quarter. Dynamic Technology Lab Private Ltd now owns 69,474 shares of the company’s stock worth $172,000 after purchasing an additional 50,273 shares during the period. Finally, FMR LLC boosted its holdings in shares of Nextdoor by 1,609.1% during the third quarter. FMR LLC now owns 62,690 shares of the company’s stock worth $155,000 after purchasing an additional 59,022 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, General Counsel Sophia Schwartz sold 15,000 shares of Nextdoor stock in a transaction that occurred 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 transaction, the general counsel now owns 267,445 shares of the company’s stock, valued at $460,005.40. This trade represents a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 46.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on KIND shares. The Goldman Sachs Group decreased their price target on shares of Nextdoor from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 3rd. Craig Hallum initiated coverage on shares of Nextdoor in a research report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective on the stock.

Nextdoor Stock Performance

Shares of KIND opened at $1.70 on Friday. The firm has a market cap of $654.78 million, a PE ratio of -5.30 and a beta of 1.14. The firm’s 50 day moving average price is $2.30 and its 200 day moving average price is $2.40. Nextdoor Holdings, Inc. has a twelve month low of $1.60 and a twelve month high of $3.00.

Nextdoor (NYSE:KIND) last issued its quarterly earnings data on Thursday, February 27th. The company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $65.23 million for 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%. On average, sell-side analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

About Nextdoor

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.