Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $1,219,721.10 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 625,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $1.95, for a total value of $1,219,721.10. Following the sale, the director now directly owns 250,956 shares of the company’s stock, valued at $489,364.20. This represents a 71.37 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 value of $441,461.62.
• 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 stock was sold at an average price of $1.77, for a total transaction 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 transaction 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 transaction of $354.00.

ThredUp Stock Up 4.1 %

ThredUp stock opened at $2.26 on Friday. The firm has a 50 day moving average price of $1.48 and a 200-day moving average price of $1.21. 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 company has a market capitalization of $257.09 million, a P/E ratio of -3.53 and a beta of 1.66.

Institutional Investors Weigh In On ThredUp

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on TDUP shares. Telsey Advisory Group boosted their target price on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research note on Wednesday. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th.

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.