Patricia Nakache Sells 167,031 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 167,031 shares of the firm’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $2.26, for a total value of $377,490.06. Following the transaction, the director now owns 250,956 shares of the company’s stock, valued at approximately $567,160.56. This represents a 39.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 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 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 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 stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Performance

NASDAQ:TDUP opened at $2.12 on Friday. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The firm has a market capitalization of $241.17 million, a PE ratio of -3.31 and a beta of 1.66. The business’s fifty day moving average price is $1.58 and its 200 day moving average price is $1.23.

Hedge Funds Weigh In On ThredUp

Several large investors have recently bought and sold shares of TDUP. Barclays PLC lifted its stake in ThredUp by 278.7% in the third 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. Geode Capital Management LLC raised its position in ThredUp by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after purchasing an additional 74,334 shares during the last quarter. State Street Corp boosted its stake in ThredUp by 0.9% during the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after purchasing an additional 12,984 shares during the period. Needham Investment Management LLC grew its position in ThredUp by 7.2% during the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after purchasing an additional 415,000 shares during the last quarter. Finally, Privium Fund Management B.V. increased its stake in ThredUp by 76.3% in the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after purchasing an additional 165,935 shares during the period. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on TDUP shares. Telsey Advisory Group lifted their target price on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th.

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.