Patricia Nakache Sells 54,801 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 54,801 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $1.78, for a total value of $97,545.78. Following the completion of the transaction, the director now owns 247 shares of the company’s stock, valued at approximately $439.66. The trade was a 99.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $354.00.

ThredUp Stock Performance

NASDAQ TDUP opened at $1.65 on Thursday. The stock’s fifty day moving average is $0.97 and its two-hundred day moving average is $1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.60.

Institutional Investors Weigh In On ThredUp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blair William & Co. IL raised its holdings in shares of ThredUp by 285.0% in the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock valued at $1,550,000 after buying an additional 674,852 shares during the period. BloombergSen Inc. purchased a new stake in shares of ThredUp in the 2nd quarter valued at $131,000. SG Americas Securities LLC raised its holdings in shares of ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after buying an additional 15,850 shares during the period. Sei Investments Co. purchased a new stake in shares of ThredUp in the 2nd quarter valued at $37,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of ThredUp by 8.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company’s stock valued at $467,000 after buying an additional 20,933 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TDUP shares. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Wednesday, October 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.40.

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.