Public Employees Retirement System of Ohio acquired a new position in shares of Nextdoor Holdings, Inc. (NYSE:KIND – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 273,454 shares of the company’s stock, valued at approximately $621,000. Public Employees Retirement System of Ohio owned 0.07% of Nextdoor as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the company. Jump Financial LLC bought a new position in Nextdoor in the 2nd quarter valued at about $35,000. Polymer Capital Management US LLC bought a new position in Nextdoor in the third quarter valued at approximately $36,000. Coldstream Capital Management Inc. acquired a new position in Nextdoor during the third quarter valued at approximately $36,000. Prudential Financial Inc. raised its position in Nextdoor by 95.3% during the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company’s stock valued at $39,000 after purchasing an additional 11,390 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in Nextdoor during the third quarter valued at approximately $42,000. 35.66% of the stock is currently owned by institutional investors and hedge funds.
Nextdoor Stock Performance
Shares of KIND stock opened at $2.22 on Thursday. The stock’s fifty day moving average price is $2.37 and its two-hundred day moving average price is $1.99. The company has a market cap of $849.35 million, a PE ratio of -9.25 and a beta of 1.19. Nextdoor Holdings, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $1.96.
About Nextdoor
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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