LP Topline Capital Partners Sells Shares of NRDS
LP Topline Capital Partners sold 919,153 shares of NRDS, valued at $8.23 million.
Key Points
- LP Topline Capital Partners sold 919,153 shares of NRDS valued at $8.23 million on June 26.
- NRDS shares traded near $9.25 on Wednesday, with a 52-week high of $9.25.
- Analysts like Oppenheimer and Truist Securities maintain 'buy' ratings on NRDS with targets up to $15.
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LP Topline Capital Partners sold 919,153 shares of NRDS on June 26, 2026. The shares were sold at an average price of $8.95, totaling approximately $8.23 million. This transaction was not part of a pre-planned trading program.
Insider Buying and Selling at NerdWallet, Inc.
Topline Capital Partners, LP, and its affiliate Topline Capital Management, LLC, executed multiple sales of NRDS shares. On June 26, both entities sold 919,153 shares each at $8.95. They followed this with additional sales on June 29 and June 30, with shares sold at prices of $9.22 and $9.27, respectively.
Other Institutional Activity in NRDS
Topline Capital Management maintained its position in NRDS with 5,251,145 shares valued at $54.51 million. BlackRock, Inc. trimmed its holdings by 93,644 shares, ending with 3,060,747 shares worth about $31.77 million. Arrowstreet Capital increased its stake by 444,038 shares, now holding 1,808,988 shares valued at $18.78 million. Meanwhile, Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 1,445,072 and 1,358,440 shares, respectively.
NerdWallet, Inc. Stock Down 6.4%
Shares of NRDS traded near $9.25 on Wednesday. The stock has experienced a 52-week high of $9.25. Key metrics like market cap, P/E ratio, and beta were not available at this time.
$NRDS stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On May 11, 2026, Oppenheimer maintained its 'buy' rating on NRDS with a price target of $12. Truist Securities also kept its 'buy' rating, setting a target of $15. Citigroup maintained a 'hold' rating with an $11 target, while Keybanc kept a 'buy' rating with a $13 target. Earlier, on March 13, Morgan Stanley downgraded NRDS to 'sell' with a $9 target.
Bottom Line
LP Topline Capital Partners' recent sale of NRDS shares highlights changes in institutional ownership. While insiders have reduced their holdings, other major funds have adjusted their positions. Analyst ratings remain mixed, with some maintaining optimistic targets. Investors should note that insider transactions reported here are disclosed after the fact and may not reflect current positions.
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