Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $37,674.90 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 18,378 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was sold at an average price of $2.05, for a total transaction of $37,674.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, July 18th, Patricia Nakache sold 63,543 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total transaction of $130,263.15.
• On Monday, July 15th, Patricia Nakache sold 66,996 shares of ThredUp stock. The stock was sold at an average price of $1.79, for a total transaction of $119,922.84.
• On Friday, July 12th, Patricia Nakache sold 119,221 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total transaction of $212,213.38.
• On Wednesday, July 10th, Patricia Nakache sold 400 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $708.00.
• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The stock was sold at an average price of $2.08, for a total transaction of $61,075.04.
• On Tuesday, May 28th, Patricia Nakache sold 22,967 shares of ThredUp stock. The stock was sold at an average price of $2.11, for a total transaction of $48,460.37.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The stock was sold at an average price of $2.06, for a total transaction of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total transaction of $306,120.35.
• On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The stock was sold at an average price of $1.91, for a total transaction of $209,973.94.
• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Stock Performance

TDUP stock opened at $2.09 on Friday. ThredUp Inc. has a 52-week low of $1.51 and a 52-week high of $4.39. The company’s 50 day simple moving average is $1.86 and its 200-day simple moving average is $1.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.98 and a current ratio of 1.13.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. The firm had revenue of $79.59 million for the quarter, compared to analyst estimates of $80.28 million. On average, equities research analysts anticipate that ThredUp Inc. will post -0.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on TDUP. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price on shares of ThredUp in a report on Tuesday, May 7th. Wedbush dropped their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Finally, Telsey Advisory Group dropped their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, ThredUp has an average rating of “Moderate Buy” and an average target price of $3.33.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD increased its stake in ThredUp by 33.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock valued at $45,000 after buying an additional 5,635 shares during the period. SG Americas Securities LLC increased its stake in ThredUp by 29.4% in the 4th quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock valued at $79,000 after buying an additional 7,997 shares during the period. Tower Research Capital LLC TRC increased its stake in ThredUp by 445.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after buying an additional 13,372 shares during the period. Ieq Capital LLC increased its stake in ThredUp by 35.7% in the 4th quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after buying an additional 14,326 shares during the period. Finally, Diversified Trust Co increased its stake in ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after buying an additional 15,175 shares during the period. 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.