Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 625,498 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 625,498 shares of ThredUp stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $1.95, for a total value of $1,219,721.10. Following the completion of the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $489,364.20. This represents a 71.37 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $441,461.62.
• 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 shares were 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 shares were sold at an average price of $1.77, for a total value of $354.00.

ThredUp Stock Down 4.0 %

TDUP stock opened at $2.17 on Friday. 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 $2.42. The stock’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.20.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Telsey Advisory Group upped their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its stake 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 valued at $29,000 after purchasing an additional 15,850 shares during the period. Sei Investments Co. bought a new stake in ThredUp during the second quarter valued at approximately $37,000. Cubist Systematic Strategies LLC bought a new stake in ThredUp during the second quarter valued at approximately $43,000. Creekside Partners purchased a new stake in ThredUp during the second quarter valued at approximately $51,000. Finally, Barclays PLC raised its position in ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after acquiring an additional 76,553 shares during the period. Institutional investors own 89.08% of the company’s stock.

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.