Nextdoor Holdings Inc (NYSE: KIND) is 33.86% higher on its value in year-to-date trading and has touched a low of $1.32 and a high of $2.99 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KIND stock was last observed hovering at around $2.57 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.53, the stock is 1.06% and 2.19% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.07 million and changing -1.56% at the moment leaves the stock 5.96% off its SMA200. KIND registered 57.14% gain for a year compared to 6-month loss of -3.07%. The firm has a 50-day simple moving average (SMA 50) of $2.4726 and a 200-day simple moving average (SMA200) of $2.38365.
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The stock witnessed a 10.00% gain in the last 1 month and extending the period to 3 months gives it a 4.55%, and is 7.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.58% over the week and 5.35% over the month.
Nextdoor Holdings Inc (KIND) has around 594 employees, a market worth around $966.82M and $237.60M in sales. Profit margin for the company is -53.23%. Distance from 52-week low is 91.67% and -15.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-25.78%).
with sales reaching $63.13M over the same period.The EPS is expected to grow by 32.05% this year, but quarterly earnings will post 12.64% year-over-year. Quarterly sales are estimated to grow 13.63% in year-over-year returns.
Nextdoor Holdings Inc (KIND) Top Institutional Holders
215.0 institutions hold shares in Nextdoor Holdings Inc (KIND), with institutional investors hold 56.21% of the company’s shares. The shares outstanding are 382.14M, and float is at 188.16M with Short Float at 2.00%. Institutions hold 55.32% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 16.46 million shares valued at $45.76 million. The investor’s holdings represent 4.1969% of the KIND Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 12.46 million shares valued at $34.65 million to account for 3.1777 of the shares outstanding. The other top investors are SUMITOMO MITSUI TRUST HOLDINGS, INC. which holds 11.11 million shares representing 2.8324% and valued at over $30.88 million, while NIKKO ASSET MANAGEMENT AMERICAS, INC. holds 2.8324 of the shares totaling 11.11 million with a market value of $30.88 million.
Nextdoor Holdings Inc (KIND) Insider Activity
The most recent transaction is an insider sale by Schwartz Sophia, the company’s General Counsel and Secretary. SEC filings show that Schwartz Sophia sold 2,259 shares of the company’s common stock on Nov 18 ’24 at a price of $2.36 per share for a total of $5331.0. Following the sale, the insider now owns 0.23 million shares.
Still, SEC filings show that on Nov 07 ’24, Schwartz Sophia (General Counsel and Secretary) disposed off 42,148 shares at an average price of $2.76 for $0.12 million. The insider now directly holds 230,112 shares of Nextdoor Holdings Inc (KIND).
