Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 41,676 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 41,676 shares of ThredUp stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $1.77, for a total value of $73,766.52. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at $444,192.12. The trade was a 14.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 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 stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Performance

TDUP traded up $0.01 during trading on Wednesday, hitting $1.80. The company’s stock had a trading volume of 474,761 shares, compared to its average volume of 681,645. The business’s 50 day simple moving average is $1.04 and its 200-day simple moving average is $1.26. The firm has a market cap of $204.76 million, a PE ratio of -2.80 and a beta of 1.59. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.60. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

TDUP has been the topic of several research analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $3.00 price target on shares of ThredUp in a report on Tuesday, October 29th. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $3.40.

Hedge Funds Weigh In On ThredUp

A number of institutional investors have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its position in ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after buying an additional 5,635 shares in the last quarter. Rhumbline Advisers grew its stake in shares of ThredUp by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after acquiring an additional 6,421 shares during the period. State Street Corp increased its holdings in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after acquiring an additional 12,984 shares in the last quarter. Diversified Trust Co raised its stake in ThredUp by 117.3% during the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after acquiring an additional 15,175 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of ThredUp by 84.8% in the third 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 period. 89.08% of the stock is owned by institutional investors.

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.