US Bancorp DE Buys New Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

US Bancorp DE bought a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 12,100 shares of the company’s stock, valued at approximately $29,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KIND. SVB Wealth LLC purchased a new position in Nextdoor during the 4th quarter valued at approximately $27,000. R Squared Ltd purchased a new position in Nextdoor during the 4th quarter valued at approximately $45,000. Intech Investment Management LLC purchased a new position in Nextdoor during the 3rd quarter valued at approximately $84,000. Versor Investments LP purchased a new position in Nextdoor during the 4th quarter valued at approximately $121,000. Finally, Verition Fund Management LLC grew its holdings in Nextdoor by 142.9% during the 3rd quarter. Verition Fund Management LLC now owns 52,900 shares of the company’s stock valued at $131,000 after buying an additional 31,121 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Insider Activity at Nextdoor

In related news, General Counsel Sophia Schwartz sold 15,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $1.72, for a total transaction of $25,800.00. Following the completion of the transaction, the general counsel now owns 267,445 shares in the company, valued at $460,005.40. The trade was a 5.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 46.04% of the stock is owned by company insiders.

Nextdoor Stock Performance

Shares of Nextdoor stock opened at $1.69 on Thursday. The stock has a market cap of $650.92 million, a price-to-earnings ratio of -5.27 and a beta of 1.14. The stock has a 50 day moving average price of $2.34 and a 200-day moving average price of $2.41. Nextdoor Holdings, Inc. has a one year low of $1.60 and a one year high of $3.00.

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on KIND shares. The Goldman Sachs Group cut their price target on Nextdoor from $3.00 to $2.50 and set a “neutral” rating for the company in a report on Monday, March 3rd. Craig Hallum started coverage on Nextdoor in a report on Thursday, January 30th. They set a “buy” rating and a $4.00 price target for the company.

Nextdoor 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.