ThredUp Inc. (NASDAQ:TDUP) Director Sells $163,342.54 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 60,274 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $2.71, for a total value of $163,342.54. Following the sale, the director now owns 250,956 shares in the company, valued at approximately $680,090.76. This represents a 19.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total value of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total value of $94,413.62.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The shares were sold at an average price of $2.51, for a total value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total value of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value of $49,212.50.
• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The stock was sold at an average price of $2.61, for a total value of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The stock was sold at an average price of $2.30, for a total value of $1,103,680.30.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The stock was sold at an average price of $2.22, for a total value of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total value of $76,207.62.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The stock was sold at an average price of $2.10, for a total value of $226,613.10.

ThredUp Price Performance

NASDAQ TDUP opened at $2.53 on Wednesday. The company has a market capitalization of $287.81 million, a PE ratio of -3.95 and a beta of 1.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The business’s fifty day moving average is $2.03 and its 200 day moving average is $1.35. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDUP. Telsey Advisory Group restated an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Friday, February 14th.

Hedge Funds Weigh In On ThredUp

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock valued at $63,000 after purchasing an additional 3,908 shares in the last quarter. ProShare Advisors LLC raised its holdings in ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after acquiring an additional 7,287 shares during the period. State Street Corp raised its holdings in ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after acquiring an additional 12,984 shares during the period. Wells Fargo & Company MN raised its holdings in ThredUp by 32.1% during the fourth quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock valued at $80,000 after acquiring an additional 13,941 shares during the period. Finally, Barclays PLC raised its holdings in ThredUp by 14.7% during the fourth quarter. Barclays PLC now owns 119,325 shares of the company’s stock valued at $166,000 after acquiring an additional 15,307 shares during the period. 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.