ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 107,911 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 107,911 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10. Following the completion of the transaction, the director now owns 250,956 shares of the company’s stock, valued at $527,007.60. This trade represents a 30.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was 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 shares were 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 value 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 value 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 Price Performance

Shares of NASDAQ:TDUP opened at $2.10 on Tuesday. The company has a market cap of $238.89 million, a PE ratio of -3.28 and a beta of 1.66. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.45. The firm has a 50-day simple moving average of $1.63 and a 200 day simple moving average of $1.23. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

TDUP has been the topic of several research analyst reports. Telsey Advisory Group increased their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday, January 14th.

Hedge Funds Weigh In On ThredUp

Several institutional investors have recently made changes to their positions in TDUP. Rhumbline Advisers lifted its holdings in shares of ThredUp by 6.5% in the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock worth $179,000 after purchasing an additional 6,421 shares during the last quarter. State Street Corp lifted its stake in ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after buying an additional 12,984 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after acquiring an additional 15,850 shares during the period. Sei Investments Co. bought a new position in shares of ThredUp during the second quarter worth about $37,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp in the 2nd quarter worth about $43,000. 89.08% of the stock is owned by institutional investors.

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.