Geneos Wealth Management Inc. Has $29,000 Stock Position in Nextdoor Holdings, Inc. (NYSE:KIND)

Geneos Wealth Management Inc. lowered its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,400 shares of the company’s stock after selling 6,200 shares during the period. Geneos Wealth Management Inc.’s holdings in Nextdoor were worth $29,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in KIND. Creative Planning bought a new stake in shares of Nextdoor in the third quarter worth about $28,000. Savvy Advisors Inc. acquired a new stake in Nextdoor during the 3rd quarter worth approximately $61,000. Asset Management One Co. Ltd. bought a new position in Nextdoor in the third quarter valued at approximately $79,000. Susquehanna Fundamental Investments LLC bought a new position in Nextdoor in the second quarter valued at approximately $84,000. Finally, Intech Investment Management LLC acquired a new position in shares of Nextdoor in the third quarter valued at approximately $84,000. Institutional investors and hedge funds own 35.66% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. The Goldman Sachs Group boosted their price objective 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. Craig Hallum began coverage on Nextdoor in a report on Thursday. They issued a “buy” rating and a $4.00 price target on the stock.

Nextdoor Stock Down 1.2 %

Shares of KIND stock opened at $2.62 on Friday. Nextdoor Holdings, Inc. has a 12 month low of $1.52 and a 12 month high of $2.99. The company’s fifty day simple moving average is $2.46 and its 200-day simple moving average is $2.50. The firm has a market cap of $1.00 billion, a PE ratio of -8.18 and a beta of 1.05.

Nextdoor (NYSE:KIND) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping 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 net margin of 53.23% and a negative return on equity of 19.42%. During the same period in the previous year, the firm posted ($0.10) EPS. On average, equities analysts predict that Nextdoor Holdings, Inc. will post -0.22 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Sophia Schwartz sold 16,834 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $2.45, for a total value of $41,243.30. Following the sale, the general counsel now directly owns 215,536 shares of the company’s stock, valued at approximately $528,063.20. This represents a 7.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 20,222 shares of company stock valued at $49,679 in the last 90 days. 46.04% of the stock is currently 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.