ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 271,762 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 271,762 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $3.43, for a total transaction of $932,143.66. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $860,779.08. This trade represents a 51.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Thursday, April 17th, Patricia Nakache sold 187,179 shares of ThredUp stock. The stock was sold at an average price of $3.30, for a total value of $617,690.70.
• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total value of $225,853.60.
• On Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The stock was 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 shares were sold at an average price of $2.87, for a total value 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 shares were 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 stock was sold at an average price of $2.50, for a total transaction 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.

ThredUp Price Performance

ThredUp stock opened at $3.32 on Friday. The stock has a market cap of $385.77 million, a P/E ratio of -5.19 and a beta of 1.64. The company has a fifty day simple moving average of $2.68 and a 200-day simple moving average of $1.86. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $3.54.

Institutional Trading of ThredUp

Institutional investors have recently bought and sold shares of the business. CHICAGO TRUST Co NA purchased a new position in shares of ThredUp in the 1st quarter valued at about $30,000. ProShare Advisors LLC increased its stake in ThredUp by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after purchasing an additional 7,287 shares during the last quarter. Virtu Financial LLC acquired a new stake in ThredUp during the fourth quarter worth approximately $33,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ThredUp during the 4th quarter worth approximately $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of ThredUp by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock valued at $63,000 after buying an additional 3,908 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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.