Patricia Nakache Sells 34,798 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 34,798 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $2.19, for a total transaction of $76,207.62. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $549,593.64. This trade represents a 12.18 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 transaction of $304,308.72.
• 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 transaction 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 transaction 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 transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was sold at an average price of $1.95, for a total transaction 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 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 Price Performance

Shares of ThredUp stock traded down $0.02 during mid-day trading on Friday, reaching $2.19. 800,128 shares of the stock were exchanged, compared to its average volume of 1,472,536. The company has a market cap of $249.13 million, a price-to-earnings ratio of -3.42 and a beta of 1.66. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $1.68 and a 200 day simple moving average of $1.25. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.45.

Institutional Investors Weigh In On ThredUp

Hedge funds have recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in shares of 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 purchasing an additional 76,553 shares during the last quarter. Geode Capital Management LLC raised its holdings in ThredUp by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after buying an additional 74,334 shares during the period. State Street Corp raised its holdings 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 buying an additional 12,984 shares during the period. Needham Investment Management LLC raised its holdings in shares of ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 415,000 shares during the last quarter. Finally, Privium Fund Management B.V. raised its holdings in shares of 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 last quarter. Institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

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