KIND (Nextdoor Holdings Inc.) may reap gains as insiders became active recently


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.


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