UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Nextdoor Holdings, Inc. (NYSE:KIND) by 6.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 337,561 shares of the company’s stock after purchasing an additional 21,405 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Nextdoor were worth $837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Travelers Companies Inc. acquired a new position in Nextdoor during the third quarter worth $593,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Nextdoor by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock worth $3,487,000 after acquiring an additional 75,229 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in shares of Nextdoor by 261.8% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 69,474 shares of the company’s stock valued at $172,000 after acquiring an additional 50,273 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Nextdoor by 59.7% in the second quarter. Millennium Management LLC now owns 1,406,953 shares of the company’s stock valued at $3,911,000 after purchasing an additional 526,108 shares during the period. Finally, Cornerstone Partners Capital Management LLC acquired a new stake in Nextdoor during the third quarter worth about $791,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group boosted their target price on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Thursday, November 7th.

Nextdoor Stock Up 2.2 %

KIND stock opened at $2.33 on Friday. Nextdoor Holdings, Inc. has a 52-week low of $1.32 and a 52-week high of $2.99. The stock has a market cap of $890.39 million, a price-to-earnings ratio of -7.28 and a beta of 1.07. The business has a fifty day moving average of $2.49 and a two-hundred day moving average of $2.53.

Nextdoor (NYSE:KIND) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $65.61 million during the quarter, compared to analysts’ expectations of $62.10 million. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. During the same period in the prior year, the business posted ($0.10) EPS. As a group, sell-side analysts anticipate that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Insider Buying and Selling at Nextdoor

In other news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the completion of the sale, the general counsel now directly owns 215,536 shares of the company’s stock, valued at approximately $528,063.20. The trade was a 7.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 37,751 shares of company stock worth $94,904 over the last three months. Insiders own 46.04% of the company’s stock.

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.