Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 195,337 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of ThredUp stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the sale, the director now directly owns 250,956 shares in the company, valued at $567,160.56. The trade was a 43.77 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 stock was sold at an average price of $1.77, for a total transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The shares were 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 stock was sold at an average price of $1.78, for a total value of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $354.00.

ThredUp Trading Down 4.0 %

Shares of ThredUp stock traded down $0.09 during trading on Thursday, hitting $2.17. The stock had a trading volume of 1,674,960 shares, compared to its average volume of 2,116,126. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.42. The stock has a 50 day simple moving average of $1.43 and a 200 day simple moving average of $1.20. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $246.86 million, a PE ratio of -3.39 and a beta of 1.66.

Institutional Trading of ThredUp

Large investors have recently added to or reduced their stakes in the company. Barclays PLC raised its position in ThredUp by 278.7% during 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 during the period. Geode Capital Management LLC grew its stake in ThredUp by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after acquiring an additional 74,334 shares in the last quarter. State Street Corp grew its stake in ThredUp by 0.9% during the 3rd 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 in the last quarter. Needham Investment Management LLC increased its holdings in shares of ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 415,000 shares during the period. Finally, Privium Fund Management B.V. lifted its position in shares of ThredUp by 76.3% in the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock worth $323,000 after purchasing an additional 165,935 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on TDUP shares. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group increased their target price on shares of ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday.

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.