ThredUp Inc. (NASDAQ:TDUP) Director Sells $441,461.62 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $567,160.56. The trade was a 43.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $354.00.

ThredUp Stock Up 4.1 %

TDUP opened at $2.26 on Friday. The company has a market cap of $257.09 million, a PE ratio of -3.53 and a beta of 1.66. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45. The company has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.21. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ThredUp

Several large investors have recently bought and sold shares of the company. Sei Investments Co. purchased a new position in shares of ThredUp in the second quarter valued at approximately $37,000. Cubist Systematic Strategies LLC acquired a new position in ThredUp in the 2nd quarter valued at $43,000. Creekside Partners acquired a new position in ThredUp in the 2nd quarter valued at $51,000. SG Americas Securities LLC lifted its holdings in 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 purchasing an additional 15,850 shares in the last quarter. Finally, Barclays PLC boosted its stake in 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. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on TDUP. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th. 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.

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.