ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 19,685 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 19,685 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $2.50, for a total value of $49,212.50. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $627,390. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 transaction of $20,940.00.
• 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.
• 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 shares were sold at an average price of $2.10, for a total value of $226,613.10.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was 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 shares were sold at an average price of $2.26, for a total value 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.

ThredUp Stock Performance

Shares of TDUP opened at $2.49 on Tuesday. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.69. The stock has a market capitalization of $283.26 million, a PE ratio of -3.89 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 stock has a 50-day simple moving average of $1.80 and a 200-day simple moving average of $1.26.

Wall Street Analyst Weigh In

TDUP has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th. Telsey Advisory Group upped their price target on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th.

Institutional Trading of ThredUp

Several hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC lifted its position in shares of ThredUp by 84.8% during 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 during the last quarter. State Street Corp lifted its holdings in ThredUp by 0.9% during the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after buying an additional 12,984 shares during the last quarter. Sei Investments Co. acquired a new position in shares of ThredUp during the 2nd quarter worth about $37,000. Barclays PLC increased its holdings in shares of ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in ThredUp by 4.1% during the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after purchasing an additional 74,334 shares during the last quarter. Institutional investors and hedge funds 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.