321,736 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) in the 4th quarter, HoldingsChannel.com reports. The firm bought 321,736 shares of the company’s stock, valued at approximately $763,000.

A number of other hedge funds and other institutional investors have also modified their holdings of KIND. SVB Wealth LLC purchased a new stake in Nextdoor during the fourth quarter valued at about $27,000. US Bancorp DE purchased a new position in shares of Nextdoor in the fourth quarter worth approximately $29,000. Cibc World Markets Corp acquired a new stake in shares of Nextdoor during the fourth quarter valued at approximately $38,000. R Squared Ltd purchased a new stake in shares of Nextdoor in the 4th quarter valued at approximately $45,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Nextdoor by 6.8% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 337,561 shares of the company’s stock worth $837,000 after purchasing an additional 21,405 shares during the period. Institutional investors and hedge funds own 35.66% of the company’s stock.

Insider Buying and Selling at Nextdoor

In other Nextdoor 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 completion of the sale, the general counsel now directly owns 267,445 shares in the company, valued at $460,005.40. The trade was a 5.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 46.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on KIND. The Goldman Sachs Group cut their target price on shares of Nextdoor from $3.00 to $2.50 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. Craig Hallum assumed coverage on Nextdoor in a research report on Thursday, January 30th. They set a “buy” rating and a $4.00 price target on the stock.

Nextdoor Stock Performance

KIND stock opened at $1.56 on Monday. The firm has a 50 day simple moving average of $2.22 and a 200 day simple moving average of $2.38. Nextdoor Holdings, Inc. has a 52 week low of $1.55 and a 52 week high of $3.00. The stock has a market cap of $600.70 million, a P/E ratio of -4.86 and a beta of 1.14.

Nextdoor (NYSE:KIND) last posted its quarterly earnings results on Thursday, February 27th. The company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). Nextdoor had a negative net margin of 53.23% and a negative return on equity of 19.42%. The business had revenue of $65.23 million for the quarter, compared to analysts’ expectations of $63.12 million. Sell-side analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Nextdoor Company Profile

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.