ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 35,098 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 35,098 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $2.69, for a total transaction of $94,413.62. Following the transaction, the director now owns 250,956 shares of the company’s stock, valued at $675,071.64. This represents a 12.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total value of $904,342.74.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The stock was 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 shares were 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 shares were sold at an average price of $2.61, for a total transaction of $1,098,055.71.
• 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 transaction 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 transaction 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 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 shares were sold at an average price of $2.26, for a total value of $377,490.06.

ThredUp Stock Down 5.4 %

Shares of NASDAQ:TDUP opened at $2.81 on Thursday. The business’s 50 day moving average price is $1.94 and its 200-day moving average price is $1.30. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99.

Institutional Investors Weigh In On ThredUp

A number of hedge funds have recently modified their holdings of TDUP. 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 worth $29,000 after acquiring an additional 15,850 shares during the last quarter. State Street Corp lifted its stake in ThredUp by 0.9% in 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 in the last quarter. Barclays PLC boosted its holdings in shares of ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after purchasing an additional 76,553 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of 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 purchasing an additional 74,334 shares during the last quarter. Finally, Privium Fund Management B.V. grew its position 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 in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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