Patricia Nakache Sells 49,007 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 49,007 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $562,141.44. This represents a 16.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The shares were sold at an average price of $2.71, for a total value of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The stock was sold at an average price of $2.87, for a total value of $904,342.74.
• 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 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 transaction 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 transaction 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 transaction 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 transaction 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.

ThredUp Stock Up 4.9 %

ThredUp stock opened at $2.56 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a market cap of $297.46 million, a P/E ratio of -4.00 and a beta of 1.73. The business has a fifty day moving average of $2.37 and a two-hundred day moving average of $1.54. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.99.

Institutional Investors Weigh In On ThredUp

A number of hedge funds have recently made changes to their positions in TDUP. Marshall Wace LLP grew its stake in ThredUp by 134.5% in the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after purchasing an additional 872,357 shares during the last quarter. BloombergSen Inc. grew its position in shares of ThredUp by 278.9% in the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock worth $889,000 after buying an additional 470,768 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of ThredUp by 75.2% during the 4th quarter. Renaissance Technologies LLC now owns 978,745 shares of the company’s stock worth $1,360,000 after acquiring an additional 420,012 shares in the last quarter. Needham Investment Management LLC lifted its position in ThredUp by 7.2% during the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after acquiring an additional 415,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in ThredUp in the fourth quarter valued at approximately $521,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on TDUP. Telsey Advisory Group reaffirmed an “outperform” rating and set a $3.00 target price on shares of ThredUp in a research report on Tuesday, March 4th. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a report on Tuesday, March 4th.

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.