ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 167,031 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 167,031 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $2.26, for a total transaction of $377,490.06. Following the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $567,160.56. The trade was a 39.96 % decrease in their position. 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 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 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 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 value of $354.00.

ThredUp Price Performance

NASDAQ:TDUP opened at $2.20 on Thursday. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.45. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $1.56 and a 200 day moving average price of $1.22.

Analyst Ratings Changes

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

Hedge Funds Weigh In On ThredUp

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC increased its stake in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after buying an additional 15,850 shares during the period. Sei Investments Co. purchased a new stake in shares of ThredUp during the 2nd quarter worth $37,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the second quarter worth $43,000. Creekside Partners purchased a new position in ThredUp in the second quarter valued at $51,000. Finally, Barclays PLC raised its stake in ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after buying an additional 76,553 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.