Nextdoor Holdings, Inc. (NYSE:KIND – Get Free Report) shares shot up 0.7% during mid-day trading on Monday . The stock traded as high as $1.41 and last traded at $1.41. 1,353,947 shares were traded during trading, a decline of 26% from the average session volume of 1,839,480 shares. The stock had previously closed at $1.40.
Nextdoor Stock Up 2.1%
The company has a 50 day moving average of $1.61 and a 200-day moving average of $1.86. The stock has a market capitalization of $550.93 million, a P/E ratio of -6.00 and a beta of 1.19.
Hedge Funds Weigh In On Nextdoor
Several large investors have recently added to or reduced their stakes in KIND. R Squared Ltd bought a new position in Nextdoor during the third quarter worth $30,000. Jump Financial LLC bought a new position in Nextdoor during the second quarter worth $35,000. Coldstream Capital Management Inc. bought a new position in Nextdoor during the third quarter worth $36,000. Polymer Capital Management US LLC bought a new stake in Nextdoor in the third quarter valued at $36,000. Finally, Prudential Financial Inc. lifted its stake in Nextdoor by 95.3% in the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company’s stock valued at $39,000 after buying an additional 11,390 shares during the last quarter. 35.66% of the stock is currently owned by institutional investors.
Nextdoor Company Profile
Nextdoor, Inc (NYSE: KIND) operates a hyperlocal social networking platform that enables neighbors to connect, share information and foster community engagement. Through its website and mobile applications, Nextdoor offers features such as neighborhood newsfeeds, classified listings, recommendations, event planning tools and safety alerts. The company’s platform is designed to bridge the gap between digital communication and real-world community building by facilitating dialogue on topics ranging from local services and business referrals to public safety and community events.
Nextdoor generates revenue primarily through advertising and paid business services.
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