Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 479,861 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 479,861 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $2.30, for a total value of $1,103,680.30. Following the sale, the director now owns 250,956 shares of the company’s stock, valued at $577,198.80. This represents a 65.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The shares were sold at an average price of $2.61, for a total value of $1,098,055.71.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The shares were sold at an average price of $2.22, for a total value of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The shares were sold at an average price of $2.19, for a total transaction of $76,207.62.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The stock was sold at an average price of $2.10, for a total transaction of $226,613.10.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was 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 stock was sold at an average price of $1.95, for a total value 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 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.

ThredUp Stock Performance

Shares of NASDAQ:TDUP traded up $0.09 during trading hours on Wednesday, hitting $2.63. The stock had a trading volume of 1,379,469 shares, compared to its average volume of 1,461,173. The stock’s fifty day simple moving average is $1.73 and its 200 day simple moving average is $1.24. The firm has a market capitalization of $299.19 million, a price-to-earnings ratio of -4.11 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. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.68.

Institutional Trading of ThredUp

Several hedge funds have recently added to or reduced their stakes in the business. Barclays PLC raised its position in shares of ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after buying an additional 76,553 shares in the last quarter. Geode Capital Management LLC raised its holdings 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 in the last quarter. State Street Corp lifted its position in ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after purchasing an additional 12,984 shares during the period. Needham Investment Management LLC boosted its stake in ThredUp by 7.2% during 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 in the last quarter. Finally, Privium Fund Management B.V. boosted its stake in ThredUp by 76.3% during the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after buying an additional 165,935 shares in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on TDUP shares. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th. Telsey Advisory Group boosted their price objective on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th.

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.