R Squared Ltd Invests $45,000 in Nextdoor Holdings, Inc. (NYSE:KIND)

R Squared Ltd bought a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 18,850 shares of the company’s stock, valued at approximately $45,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC boosted its holdings in shares of Nextdoor by 51.9% during the 4th quarter. SG Americas Securities LLC now owns 95,537 shares of the company’s stock worth $226,000 after purchasing an additional 32,658 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Nextdoor by 62.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 725,345 shares of the company’s stock worth $1,799,000 after purchasing an additional 278,185 shares during the last quarter. Barclays PLC boosted its holdings in shares of Nextdoor by 326.2% during the 3rd quarter. Barclays PLC now owns 267,490 shares of the company’s stock worth $663,000 after purchasing an additional 204,729 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Nextdoor by 5.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,042,728 shares of the company’s stock worth $10,028,000 after purchasing an additional 205,015 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Nextdoor by 1,558.9% during the 3rd quarter. XTX Topco Ltd now owns 166,320 shares of the company’s stock worth $412,000 after purchasing an additional 156,294 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Stock Performance

KIND stock opened at $2.62 on Monday. The firm has a market cap of $1.00 billion, a PE ratio of -8.18 and a beta of 1.05. The firm’s 50 day moving average price is $2.46 and its 200-day moving average price is $2.49. Nextdoor Holdings, Inc. has a one year low of $1.52 and a one year high of $2.99.

Nextdoor (NYSE:KIND) last announced its earnings results on Wednesday, November 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The company had revenue of $65.61 million for the quarter, compared to analyst estimates 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 company earned ($0.10) earnings per share. Equities research analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Craig Hallum began coverage on Nextdoor in a report on Thursday. They set a “buy” rating and a $4.00 target price on the stock. The Goldman Sachs Group lifted their price target on shares of Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th.

Insider Buying and Selling at Nextdoor

In related news, General Counsel Sophia Schwartz sold 16,834 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $2.45, for a total transaction of $41,243.30. Following the completion of the transaction, the general counsel now owns 215,536 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 20,222 shares of company stock valued at $49,679 over the last quarter. 46.04% of the stock is owned by company insiders.

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.