Algert Global LLC Has $1.62 Million Stock Holdings in Nextdoor Holdings, Inc. (NYSE:KIND)

Algert Global LLC increased its position in Nextdoor Holdings, Inc. (NYSE:KIND) by 41.5% in the third quarter, Holdings Channel.com reports. The firm owned 654,319 shares of the company’s stock after acquiring an additional 191,998 shares during the period. Algert Global LLC’s holdings in Nextdoor were worth $1,623,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in KIND. Vanguard Group Inc. raised its stake in shares of Nextdoor by 18.5% during the first quarter. Vanguard Group Inc. now owns 16,196,377 shares of the company’s stock worth $36,442,000 after buying an additional 2,529,694 shares during the last quarter. Travelers Companies Inc. acquired a new position in Nextdoor in the third quarter valued at about $593,000. Millennium Management LLC lifted its stake in 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 buying an additional 526,108 shares during the period. Cornerstone Partners Capital Management LLC bought a new position in Nextdoor during the third quarter worth about $791,000. Finally, Renaissance Technologies LLC grew its holdings in Nextdoor by 12.4% during the second quarter. Renaissance Technologies LLC now owns 1,814,300 shares of the company’s stock valued at $5,044,000 after purchasing an additional 200,500 shares during the period. 35.66% of the stock is currently owned by institutional investors and hedge funds.

Nextdoor Stock Performance

NYSE KIND opened at $2.42 on Thursday. Nextdoor Holdings, Inc. has a 52-week low of $1.32 and a 52-week high of $2.99. The business has a 50 day simple moving average of $2.48 and a 200 day simple moving average of $2.52. The stock has a market cap of $922.87 million, a price-to-earnings ratio of -7.56 and a beta of 1.08.

Nextdoor (NYSE:KIND) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.01. The business had revenue of $65.61 million for the quarter, compared to analyst estimates 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 last year, the business posted ($0.10) earnings per share. On average, analysts predict that Nextdoor Holdings, Inc. will post -0.22 EPS for the current year.

Insider Transactions at Nextdoor

In related news, General Counsel Sophia Schwartz sold 17,529 shares of Nextdoor stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.58, for a total value of $45,224.82. Following the sale, the general counsel now owns 304,666 shares of the company’s stock, valued at approximately $786,038.28. This trade represents a 5.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 46.04% of the stock is owned by insiders.

Analyst Ratings Changes

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

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.