Nextdoor Shares Face Pressure Following Insider Stock Sales

Nextdoor Holdings shares have come under renewed scrutiny after the company’s Chief Accounting Officer, Antoinette How, executed a significant sale of company stock. This transaction occurred during a pivotal period as the social media platform continues its challenging journey toward sustainable profitability.

How divested 13,484 shares at $2.20 per unit on Wednesday, reducing her remaining stake to 38,506 shares. This move continues a pattern that has persisted for approximately twelve months, where insider selling activity has substantially outweighed purchasing behavior among company executives and directors.

Market Analysts Maintain Cautious Stance

At the time of How’s transaction, Nextdoor’s stock was trading precisely at the $2.20 sale price. Financial analysts currently maintain an average price target of $2.38, suggesting modest... Read more...