Bank of America just raised its EUR/USD forecast
Sophia Schwartz, the General Counsel and Secretary of Nextdoor Holdings, Inc. (NYSE:KIND), recently executed a sale of 15,000 shares of Class A Common Stock. The sale, which took place on March 7, 2025, was conducted at a price of $1.7206 per share, amounting to a total transaction value of $25,809. Following this transaction, Schwartz holds 267,445 shares directly. The transaction occurs as KIND trades near its 52-week low of $1.60, with InvestingPro data indicating the stock is currently in oversold territory.
In addition to the sale, Schwartz acquired Restricted Stock Units (RSUs) on the same day. The acquisitions included 96,899 and 290,697 RSUs, both at no cost, bringing her total holdings in RSUs to 387,596. These RSUs represent a contingent right to receive shares of the company’s Class A Common Stock, subject to specific vesting schedules. While Nextdoor maintains impressive gross profit margins of 83% and a strong balance sheet with more cash than debt, InvestingPro analysis reveals additional insights about the company’s financial health and valuation in its comprehensive Pro Research Report, available with a subscription.
In other recent news, Nextdoor Holdings Inc. reported a 17% increase in revenue for the fourth quarter of 2024, totaling $65 million, which exceeded the forecast of $62.74 million. Despite achieving its first positive adjusted EBITDA of $3 million, the company’s stock experienced a decline, reflecting investor concerns about future growth prospects. The company also reported a narrower net loss of $12.1 million for the quarter, improving from a $40.5 million loss the previous year. For the full year, revenue increased by 13% to $247.3 million, with a reduced net loss of $98.1 million compared to the prior year’s $147.8 million loss. Nextdoor ended the year with a strong cash position of $427 million. Analyst firm Craig-Hallum recently adjusted its outlook on Nextdoor by lowering the price target to $3.50 from $4.00 while maintaining a Buy rating, highlighting the potential of the company’s NEXT initiative. This project, which has shown promising results in six test markets, aims to transform the user experience and is expected to launch nationwide by mid-2025.
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