Investing.com - Financial Markets Worldwide

Nextdoor Holdings general counsel sells $41,221 in stock

Published 04/12/2024, 22:02
NXDR
0.53%

Sophia Schwartz, the General Counsel and Secretary at Nextdoor Holdings, Inc. (NYSE:KIND), recently sold a portion of her holdings in the company. According to a recent filing, Schwartz disposed of 16,834 shares of Class A Common Stock on December 2, 2024, at an average price of $2.4487 per share. This transaction amounted to a total value of $41,221. The stock, which has gained over 50% in the past year according to InvestingPro data, currently trades near its Fair Value.

Following this sale, Schwartz retains ownership of 215,536 shares in the company. The transaction was conducted under a pre-established trading plan in accordance with Rule 10b5-1, which was adopted on June 6, 2024. Despite this insider sale, InvestingPro data shows management has been actively buying back shares, and the company maintains impressive gross profit margins of 82%. Get access to 8 more exclusive InvestingPro Tips and comprehensive analysis in the Pro Research Report.

"In other recent news, Despegar (NYSE:DESP).com, Corp. announced that it will hold its 2024 Annual Meeting of Shareholders on December 12, 2024, with materials for the meeting made available to shareholders starting November 22, 2024. The documents provided will enable shareholders to vote on various corporate matters. In parallel, Nextdoor, the neighborhood-focused social network, disclosed its financial results for the third quarter of 2024. The earnings call, led by CEO Nirav Tolia and CFO Matt Anderson, emphasized non-GAAP financial measures, with reconciliations provided in the shareholder letter. The company highlighted that forward-looking statements made during the call are subject to various risks and uncertainties. It is important to note that these are recent developments and further details are expected to emerge in the coming days. As always, investors are encouraged to review SEC filings for a better understanding of the risks involved."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.