Patricia Nakache Sells 49,007 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 49,007 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $2.24, for a total value of $109,775.68. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $562,141.44. The trade was a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The stock was sold at an average price of $2.48, for a total transaction of $225,853.60.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The shares were sold at an average price of $2.71, for a total transaction of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The stock was sold at an average price of $2.87, for a total transaction of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The stock was 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 stock was 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 shares were 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 transaction of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were sold at an average price of $2.30, for a total transaction 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 transaction of $304,308.72.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $2.56 on Friday. The firm has a market cap of $297.46 million, a price-to-earnings ratio of -4.00 and a beta of 1.73. The firm has a fifty day moving average price of $2.37 and a 200 day moving average price of $1.54. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TDUP. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $3.00 target price on shares of ThredUp in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in TDUP. Two Sigma Investments LP lifted its position in shares of ThredUp by 150.1% in the fourth quarter. Two Sigma Investments LP now owns 114,632 shares of the company’s stock worth $159,000 after buying an additional 68,790 shares in the last quarter. Two Sigma Advisers LP grew its stake in shares of ThredUp by 572.8% in the 4th quarter. Two Sigma Advisers LP now owns 109,000 shares of the company’s stock worth $152,000 after buying an additional 92,800 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of ThredUp by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock worth $31,000 after buying an additional 7,287 shares during the last quarter. Needham Investment Management LLC raised its position in shares of ThredUp by 2.7% during the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after buying an additional 167,500 shares in the last quarter. Finally, Millennium Management LLC bought a new position in shares of ThredUp in the 4th quarter valued at about $113,000. Institutional investors own 89.08% of the company’s stock.

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.