Principal Financial Group Inc. Has $30,000 Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Principal Financial Group Inc. lowered its position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 29.1% in the third quarter, Holdings Channel reports. The firm owned 12,122 shares of the company’s stock after selling 4,981 shares during the period. Principal Financial Group Inc.’s holdings in Nextdoor were worth $30,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Rhumbline Advisers grew its stake in Nextdoor by 29.5% in the second quarter. Rhumbline Advisers now owns 246,804 shares of the company’s stock valued at $686,000 after acquiring an additional 56,279 shares during the period. American Century Companies Inc. grew its position in shares of Nextdoor by 51.0% in the 2nd quarter. American Century Companies Inc. now owns 190,147 shares of the company’s stock valued at $529,000 after purchasing an additional 64,258 shares during the period. Dimensional Fund Advisors LP increased its stake in Nextdoor by 172.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,218,808 shares of the company’s stock worth $3,388,000 after purchasing an additional 770,858 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Nextdoor by 12.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock worth $5,044,000 after buying an additional 200,500 shares during the period. Finally, XTX Topco Ltd bought a new position in Nextdoor in the second quarter valued at approximately $28,000. Institutional investors own 35.66% of the company’s stock.

Nextdoor Price Performance

Shares of Nextdoor stock opened at $2.42 on Tuesday. The firm has a market cap of $922.87 million, a price-to-earnings ratio of -7.55 and a beta of 1.05. The stock’s 50-day moving average is $2.45 and its 200-day moving average is $2.51. Nextdoor Holdings, Inc. has a one year low of $1.52 and a one year high of $2.99.

Nextdoor (NYSE:KIND) last released its earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $65.61 million for 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 quarter in the previous year, the business posted ($0.10) EPS. On average, equities analysts expect that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, General Counsel Sophia Schwartz sold 16,834 shares of Nextdoor stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $2.45, for a total value of $41,243.30. Following the sale, the general counsel now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 20,222 shares of company stock worth $49,679. 46.04% of the stock is owned by insiders.

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.