ThredUp Inc. (NASDAQ:TDUP) Director Sells $377,490.06 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 167,031 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $2.26, for a total transaction of $377,490.06. Following the sale, the director now owns 250,956 shares of the company’s stock, valued at $567,160.56. This trade represents a 39.96 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Patricia Nakache also recently made the following trade(s):

• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total value of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $354.00.

ThredUp Trading Up 2.4 %

Shares of TDUP opened at $2.17 on Friday. The business’s 50-day moving average price is $1.61 and its 200-day moving average price is $1.23. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45. The stock has a market cap of $246.86 million, a PE ratio of -3.39 and a beta of 1.66.

Analyst Ratings Changes

Several research firms have recently weighed in on TDUP. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th. Telsey Advisory Group lifted their price objective on shares of ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th.

Institutional Trading of ThredUp

Several institutional investors and hedge funds have recently bought and sold shares of TDUP. Sei Investments Co. purchased a new position in shares of ThredUp during the 2nd quarter valued at $37,000. Cubist Systematic Strategies LLC bought a new stake in ThredUp during the second quarter valued at $43,000. Creekside Partners purchased a new position in ThredUp during the second quarter worth about $51,000. SG Americas Securities LLC increased its stake in ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after acquiring an additional 15,850 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About ThredUp

ThredUp Inc, together with its subsidiaries, operates an online resale platform in the United States and internationally. Its platform enables consumers to buy and sell primarily secondhand apparel, shoes, and accessories. ThredUp Inc was incorporated in 2009 and is headquartered in Oakland, California.