Patricia Nakache Sells 107,911 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 107,911 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total value of $226,613.10. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $527,007.60. This trade represents a 30.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total value of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was 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 shares were 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 transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The stock was 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 shares were 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 Stock Performance

Shares of NASDAQ TDUP opened at $2.17 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The firm has a market cap of $246.86 million, a price-to-earnings ratio of -3.39 and a beta of 1.66. The stock’s fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.24. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.45.

Hedge Funds Weigh In On ThredUp

Several institutional investors and hedge funds have recently modified their holdings of TDUP. SG Americas Securities LLC raised 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 purchasing an additional 15,850 shares in the last quarter. Sei Investments Co. bought a new position in shares of ThredUp during the second quarter worth approximately $37,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp in the second quarter valued at approximately $43,000. Creekside Partners bought a new stake in shares of ThredUp in the second quarter valued at approximately $51,000. Finally, Barclays PLC grew its position in ThredUp by 278.7% during the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after buying an additional 76,553 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on TDUP. Telsey Advisory Group lifted their price objective on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday, January 14th.

ThredUp Company Profile

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.