Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $904,342.74 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 315,102 shares of ThredUp stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $2.87, for a total value of $904,342.74. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $720,243.72. This represents a 55.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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 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 stock was sold at an average price of $2.50, for a total value 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 shares were sold at an average price of $2.61, for a total value 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 value of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The shares were sold at an average price of $2.19, for a total value 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.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total value of $377,490.06.

ThredUp Stock Down 7.9 %

Shares of ThredUp stock opened at $2.56 on Friday. The firm has a market cap of $291.22 million, a price-to-earnings ratio of -4.00 and a beta of 1.75. 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 52-week low of $0.50 and a 52-week high of $2.99. The stock has a 50-day simple moving average of $1.99 and a 200-day simple moving average of $1.31.

Institutional Investors Weigh In On ThredUp

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDUP. 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 worth $29,000 after purchasing an additional 15,850 shares during the last quarter. BloombergSen Inc. lifted its holdings in ThredUp by 118.5% in the 3rd quarter. BloombergSen Inc. now owns 168,780 shares of the company’s stock worth $142,000 after purchasing an additional 91,518 shares during the last quarter. Privium Fund Management B.V. lifted its holdings in ThredUp by 76.3% in the 3rd quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock worth $323,000 after purchasing an additional 165,935 shares during the last quarter. Needham Investment Management LLC lifted its holdings in ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after purchasing an additional 415,000 shares during the last quarter. Finally, State Street Corp lifted its holdings in ThredUp by 0.9% in the 3rd 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 last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a report on Friday, February 14th. Telsey Advisory Group lifted their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th.

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.