Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Insider Sells $46,314.42 in Stock

ThredUp Inc. (NASDAQ:TDUP) insider Alon Rotem sold 23,042 shares of the firm’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $2.01, for a total transaction of $46,314.42. Following the completion of the sale, the insider now owns 218,348 shares in the company, valued at approximately $438,879.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Alon Rotem also recently made the following trade(s):

• On Friday, June 14th, Alon Rotem sold 10,000 shares of ThredUp stock. The stock was sold at an average price of $1.79, for a total transaction of $17,900.00.
• On Thursday, May 9th, Alon Rotem sold 10,000 shares of ThredUp stock. The stock was sold at an average price of $2.00, for a total transaction of $20,000.00.

ThredUp Stock Down 5.4 %

Shares of TDUP stock opened at $1.93 on Monday. The stock has a fifty day moving average price of $1.86 and a 200 day moving average price of $1.91. ThredUp Inc. has a one year low of $1.52 and a one year high of $4.39. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 0.22.

ThredUp (NASDAQ:TDUP) last issued its quarterly earnings data on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The company had revenue of $79.59 million for the quarter, compared to the consensus estimate of $80.28 million. ThredUp had a negative net margin of 20.88% and a negative return on equity of 63.62%. Research analysts anticipate that ThredUp Inc. will post -0.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital World Investors lifted its holdings in shares of ThredUp by 6.4% during the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock valued at $19,305,000 after acquiring an additional 516,000 shares during the period. Dynamic Technology Lab Private Ltd lifted its holdings in shares of ThredUp by 746.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 87,792 shares of the company’s stock valued at $198,000 after acquiring an additional 77,415 shares during the period. Bares Capital Management Inc. lifted its holdings in shares of ThredUp by 6.2% during the fourth quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company’s stock valued at $7,170,000 after acquiring an additional 186,579 shares during the period. Ieq Capital LLC raised its holdings in shares of ThredUp by 35.7% in the fourth quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after buying an additional 14,326 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of ThredUp by 29.4% in the fourth quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock valued at $79,000 after buying an additional 7,997 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TDUP. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective on shares of ThredUp in a research note on Tuesday, May 7th. Telsey Advisory Group reduced their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Finally, Wedbush reduced their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, ThredUp has a consensus rating of “Moderate Buy” and an average target price of $3.33.

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.