Cornerstone Partners Capital Management LLC Boosts Stake in Nextdoor Holdings, Inc. (NYSE:KIND)

Cornerstone Partners Capital Management LLC boosted its stake in shares of Nextdoor Holdings, Inc. (NYSE:KIND) by 83.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 586,522 shares of the company’s stock after acquiring an additional 267,527 shares during the period. Nextdoor accounts for about 3.0% of Cornerstone Partners Capital Management LLC’s portfolio, making the stock its 7th biggest position. Cornerstone Partners Capital Management LLC owned about 0.15% of Nextdoor worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in shares of Nextdoor by 62.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 725,345 shares of the company’s stock valued at $1,799,000 after purchasing an additional 278,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Nextdoor by 5.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,406,161 shares of the company’s stock valued at $3,487,000 after purchasing an additional 75,229 shares in the last quarter. Travelers Companies Inc. acquired a new stake in shares of Nextdoor in the 3rd quarter valued at $593,000. Barclays PLC boosted its holdings in shares of Nextdoor by 326.2% in the 3rd quarter. Barclays PLC now owns 267,490 shares of the company’s stock valued at $663,000 after purchasing an additional 204,729 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in shares of Nextdoor by 261.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 69,474 shares of the company’s stock valued at $172,000 after purchasing an additional 50,273 shares in the last quarter. Institutional investors own 35.66% of the company’s stock.

Analyst Ratings Changes

KIND has been the topic of a number of research analyst reports. The Goldman Sachs Group raised their target price on Nextdoor from $2.50 to $3.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Craig Hallum started coverage on Nextdoor in a report on Thursday, January 30th. They set a “buy” rating and a $4.00 price objective on the stock.

Insiders Place Their Bets

In other Nextdoor 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 transaction of $41,243.30. Following the transaction, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 20,222 shares of company stock valued at $49,679. 46.04% of the stock is currently owned by company insiders.

Nextdoor Price Performance

NYSE KIND opened at $2.72 on Wednesday. Nextdoor Holdings, Inc. has a twelve month low of $1.57 and a twelve month high of $2.99. The business’s fifty day moving average is $2.47 and its 200 day moving average is $2.49.

Nextdoor (NYSE:KIND) last released its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Nextdoor had a negative return on equity of 19.42% and a negative net margin of 53.23%. The company had revenue of $65.61 million for the quarter, compared to the consensus estimate of $62.10 million. During the same quarter last year, the business posted ($0.10) EPS. Equities research analysts forecast that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

About Nextdoor

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.