Nextdoor Holdings, Inc. $KIND Shares Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. raised its stake in Nextdoor Holdings, Inc. (NYSE:KIND) by 25.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,660,830 shares of the company’s stock after purchasing an additional 2,768,087 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in Nextdoor were worth $28,415,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of KIND. R Squared Ltd purchased a new stake in shares of Nextdoor in the 3rd quarter valued at approximately $30,000. Jump Financial LLC acquired a new position in Nextdoor during the second quarter worth $35,000. Prudential Financial Inc. lifted its stake in Nextdoor by 95.3% during the second quarter. Prudential Financial Inc. now owns 23,345 shares of the company’s stock worth $39,000 after purchasing an additional 11,390 shares in the last quarter. Granite Investment Partners LLC boosted its position in shares of Nextdoor by 72.7% during the third quarter. Granite Investment Partners LLC now owns 23,258 shares of the company’s stock worth $44,000 after buying an additional 9,790 shares during the period. Finally, Captrust Financial Advisors acquired a new stake in shares of Nextdoor in the second quarter valued at $49,000. Hedge funds and other institutional investors own 35.66% of the company’s stock.

Nextdoor Trading Down 2.9%

KIND opened at $1.70 on Thursday. The stock’s 50-day moving average price is $1.89 and its 200 day moving average price is $1.95. Nextdoor Holdings, Inc. has a 12-month low of $1.32 and a 12-month high of $3.00. The firm has a market cap of $650.40 million, a price-to-earnings ratio of -7.08 and a beta of 1.19.

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.