Patricia Nakache Sells 195,337 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of the stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $567,160.56. This trade represents a 43.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

ThredUp Stock Performance

Shares of TDUP opened at $2.26 on Friday. The firm has a market cap of $257.10 million, a P/E ratio of -3.53 and a beta of 1.66. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The firm’s 50 day moving average price is $1.45 and its two-hundred day moving average price is $1.21.

Institutional Investors Weigh In On ThredUp

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in ThredUp by 84.8% in the 3rd 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. Sei Investments Co. bought a new stake in shares of ThredUp in the second quarter valued at about $37,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the second quarter worth about $43,000. Creekside Partners bought a new position in shares of ThredUp during the second quarter worth about $51,000. Finally, Barclays PLC raised its position in ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after buying an additional 76,553 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group lifted their target price on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday.

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.