Nextdoor Holdings Inc.’s recent filing unveils that its Head of Legal and Secretary Orta John unloaded Company’s shares for reported $5775.0 on Feb 16. In the deal valued at $2.31 per share,2,500 shares were sold. As a result of this transaction, Orta John now holds 563,923 shares worth roughly $ 1.07 million.
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Then, Greylock 16 GP LLC bought 765,000 shares, generating $2,534,368 in total proceeds. Upon buying the shares at $3.31, the Member of 10% owner group now owns 10,917,514 shares.
Before that, Sze David L bought 765,000 shares. Nextdoor Holdings Inc. shares valued at $2,534,368 were divested by the Director at a price of $3.31 per share. As a result of the transaction, Sze David L now holds 10,917,514 shares, worth roughly $20.74 million.
Citigroup initiated its Nextdoor Holdings Inc. [KIND] rating to a Neutral in a research note published on Tuesday, April 20, 2022; the price target was $6.50. PT values the company’s stock at a premium of 70.77 to its Tuesday closing price. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late March with a ‘”a Hold”‘ rating. Morgan Stanley began covering KIND with “an Equal-weight” recommendation on February 24, 2022. Goldman started covering the stock on January 07, 2022. It rated KIND as “a Neutral”.
Price Performance Review of KIND
On Tuesday, Nextdoor Holdings Inc. [NYSE:KIND] saw its stock jump 1.06% to $1.90. On the same session, the stock had its day’s lowest price of $1.88, but rose to a high of $1.975. Over the last five days, the stock has lost -4.52%. Nextdoor Holdings Inc. shares have fallen nearly -7.77% since the year began. Nevertheless, the stocks have fallen -64.22% over the past one year. While a 52-week high of $6.74 was reached on 02/02/23, a 52-week low of $1.82 was recorded on 03/13/23. SMA at 50 days reached $2.1644, while 200 days put it at $2.7096. A total of 0.98 million shares were traded, compared to the trading of 1.98 million shares in the previous session.
Levels Of Support And Resistance For KIND Stock
The 24-hour chart illustrates a support level at 1.8617, which if violated will result in even more drops to 1.8233. On the upside, there is a resistance level at 1.9567. A further resistance level may holdings at 2.0133. The Relative Strength Index (RSI) on the 14-day chart is 37.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0976, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.11%. Stochastics %K at 12.02% indicates the stock is a buying.
How much short interest is there in Nextdoor Holdings Inc.?
A steep rise in short interest was recorded in Nextdoor Holdings Inc. stocks on Jan 30, 2023, dropping by -1.67 million shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 6.49 million shares. There was a decline of -34.65%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.16.
Nextdoor Holdings Inc. [KIND] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 10,616,230 shares, or roughly 7.02% of the outstanding KIND shares. In other words, the investor’s shares have risen by 225,281 from its previous 13-F filing of 10390949.0.. Over the last quarter, Nikko Asset Management Americas, sold -19,102 shares of Nextdoor Holdings Inc., while Luxor Capital Group LP sold 0 shares. At present, Flight Deck Capital LP is holding 3,329,084 shares valued at $6.86 million. Think Investments LP owned 2,100,000 shares of the company at the time of its most recent 13F filing, worth $4.33 million.
The most recent change occurred on November 23, 2021 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $16 price target.