ThredUp Inc. (NASDAQ:TDUP) Director Sells $1,098,055.71 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 420,711 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $2.61, for a total value of $1,098,055.71. Following the sale, the director now owns 250,956 shares in the company, valued at $654,995.16. The trade was a 62.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• 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 value 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 value 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 value of $76,207.62.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The shares were 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 shares were sold at an average price of $2.26, for a total value of $377,490.06.
• 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 shares were 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 value of $97,545.78.

ThredUp Price Performance

Shares of TDUP stock opened at $2.45 on Friday. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.69. The stock’s 50-day moving average is $1.77 and its 200 day moving average is $1.26. The company has a market cap of $278.71 million, a P/E ratio of -3.83 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.

Institutional Investors Weigh In On ThredUp

Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in 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 purchasing an additional 15,850 shares in the last quarter. State Street Corp boosted its position in ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after purchasing an additional 12,984 shares in the last quarter. Sei Investments Co. bought a new stake in ThredUp during the second quarter valued at about $37,000. Barclays PLC boosted its position in ThredUp by 278.7% during the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in ThredUp by 4.1% during the third 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 in the last quarter. Institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

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

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.