Nextdoor Holdings Inc. (NYSE:KIND) is seeing substantial interest from institutional investors, who currently hold the largest stake in the company at 37%. The top ten shareholders alone own 51% of the company, potentially leaving the stock price vulnerable to their trading decisions.
The largest shareholder in Nextdoor Holdings is Benchmark, holding 14% of shares outstanding. The second and third largest shareholders hold about 8.6% and 6.4% of the shares outstanding respectively. Notably, Nirav Tolia, the third-largest shareholder, also holds the title of Member of the Board of Directors. CEO Sarah Friar owns 4.1% of the company's shares.
Insiders own a reasonable proportion of Nextdoor Holdings, Inc., with a $119 million stake in this $830 million business, indicating alignment with shareholders. However, it's worth noting that the company is still quite small; some insiders may have founded the business.
The general public holds a 16% stake in Nextdoor Holdings while Private equity firms hold a significant 30% stake in Nextdoor Holdings.
The presence of institutions on Nextdoor Holdings' share registry suggests that analysts working for these institutions have evaluated the stock positively. However, when multiple institutions own a stock, there's always a risk of a 'crowded trade', where multiple parties may compete to sell stock fast if things go wrong.
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