Patricia Nakache Sells 315,102 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 315,102 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $2.87, for a total value of $904,342.74. Following the completion of the transaction, the director now owns 250,956 shares of the company’s stock, valued at approximately $720,243.72. This represents a 55.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total value of $94,413.62.
• 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 value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value of $49,212.50.
• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The stock was sold at an average price of $2.61, for a total value of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The stock was sold at an average price of $2.30, for a total value of $1,103,680.30.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The stock was sold at an average price of $2.22, for a total value of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total value 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 value 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 value of $377,490.06.

ThredUp Price Performance

Shares of NASDAQ TDUP opened at $2.78 on Friday. The stock has a market capitalization of $316.25 million, a PE ratio of -4.34 and a beta of 1.75. 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 business has a fifty day moving average price of $1.96 and a two-hundred day moving average price of $1.31. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99.

Hedge Funds Weigh In On ThredUp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Needham Investment Management LLC raised its holdings in ThredUp by 2.7% in the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after acquiring an additional 167,500 shares in the last quarter. FIL Ltd raised its holdings in ThredUp by 0.8% in the 4th quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after acquiring an additional 27,000 shares in the last quarter. Geode Capital Management LLC raised its holdings in ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock valued at $2,663,000 after acquiring an additional 26,326 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of ThredUp by 134.5% during the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock worth $2,114,000 after buying an additional 872,357 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of 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 buying an additional 12,984 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on TDUP. Telsey Advisory Group boosted their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Friday, February 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.