119,699 Shares in Nextdoor Holdings, Inc. (NYSE:KIND) Bought by Squarepoint Ops LLC

Squarepoint Ops LLC purchased a new stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 119,699 shares of the company’s stock, valued at approximately $333,000.

A number of other institutional investors have also bought and sold shares of KIND. Vanguard Group Inc. boosted its position in Nextdoor by 18.5% during the first quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock valued at $36,442,000 after acquiring an additional 2,529,694 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Nextdoor by 21.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after purchasing an additional 2,058,131 shares during the period. Nikko Asset Management Americas Inc. raised its holdings in shares of Nextdoor by 21.3% during the first quarter. Nikko Asset Management Americas Inc. now owns 11,698,259 shares of the company’s stock valued at $26,321,000 after purchasing an additional 2,058,131 shares during the period. Marshall Wace LLP acquired a new position in shares of Nextdoor during the second quarter valued at about $4,327,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Nextdoor by 172.1% during the second quarter. Dimensional Fund Advisors LP now owns 1,218,808 shares of the company’s stock valued at $3,388,000 after purchasing an additional 770,858 shares during the period. Institutional investors own 35.66% of the company’s stock.

Nextdoor Trading Up 3.7 %

Shares of NYSE KIND opened at $2.51 on Friday. Nextdoor Holdings, Inc. has a 1-year low of $1.32 and a 1-year high of $2.99. The firm has a market capitalization of $953.57 million, a P/E ratio of -6.61 and a beta of 1.08. The firm’s 50-day moving average price is $2.45 and its 200-day moving average price is $2.44.

Nextdoor (NYSE:KIND) last posted its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Nextdoor had a negative net margin of 65.63% and a negative return on equity of 22.69%. The company had revenue of $63.29 million for the quarter, compared to analyst estimates of $58.80 million. Equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.23 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley upped their price objective on shares of Nextdoor from $2.20 to $2.50 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

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.