ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 60,274 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 60,274 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $2.71, for a total value of $163,342.54. Following the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $680,090.76. This trade represents a 19.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The stock was 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 shares were sold at an average price of $2.51, for a total transaction of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The stock was 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 shares were 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 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 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 transaction of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total transaction 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.

ThredUp Price Performance

NASDAQ:TDUP remained flat at $2.56 during mid-day trading on Monday. 425,162 shares of the company traded hands, compared to its average volume of 1,213,968. The firm’s 50-day moving average is $1.99 and its 200-day moving average is $1.32. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.99. The company has a market cap of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75.

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently made changes to their positions in TDUP. Needham Investment Management LLC increased its holdings in shares of ThredUp by 2.7% in the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock worth $8,851,000 after buying an additional 167,500 shares during the last quarter. FIL Ltd boosted its position in ThredUp by 0.8% during the 4th quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after buying an additional 27,000 shares during the period. Geode Capital Management LLC grew its position in shares of ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock worth $2,663,000 after buying an additional 26,326 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of ThredUp by 134.5% during the 4th 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 in the last quarter. Finally, State Street Corp grew its stake in ThredUp by 0.9% in the third 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 during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

TDUP has been the subject of a number of recent research reports. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Friday, February 14th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Monday.

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.