Patricia Nakache Sells 35,098 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 35,098 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $2.69, for a total transaction of $94,413.62. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at $675,071.64. The trade was a 12.27 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 transaction of $904,342.74.
• 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 transaction 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 transaction of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The shares were 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 shares were sold at an average price of $2.61, for a total transaction of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were sold at an average price of $2.30, for a total transaction of $1,103,680.30.
• 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 transaction 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 stock was sold at an average price of $2.26, for a total transaction of $377,490.06.

ThredUp Stock Performance

NASDAQ:TDUP opened at $2.78 on Friday. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.99. The company’s fifty day moving average price is $1.96 and its 200-day moving average price is $1.31. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Analyst Ratings Changes

A number of research firms have issued reports on TDUP. Telsey Advisory Group raised their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Friday, February 14th.

Institutional Trading of ThredUp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP increased its stake in shares of ThredUp by 150.1% in the fourth quarter. Two Sigma Investments LP now owns 114,632 shares of the company’s stock worth $159,000 after acquiring an additional 68,790 shares during the period. Two Sigma Advisers LP increased its stake in shares of ThredUp by 572.8% in the fourth quarter. Two Sigma Advisers LP now owns 109,000 shares of the company’s stock worth $152,000 after acquiring an additional 92,800 shares during the period. ProShare Advisors LLC increased its stake in shares of ThredUp by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock worth $31,000 after acquiring an additional 7,287 shares during the period. Needham Investment Management LLC increased its stake in shares of ThredUp by 2.7% in the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock worth $8,851,000 after acquiring an additional 167,500 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of ThredUp in the fourth quarter worth $113,000. Institutional investors and hedge funds 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.