ThredUp Inc. (NASDAQ:TDUP) Director Sells $109,775.68 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 49,007 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at $562,141.44. The trade was a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The shares were sold at an average price of $2.71, for a total transaction of $163,342.54.
• 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 transaction of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total transaction 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 shares were 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 stock was sold at an average price of $2.50, for a total transaction 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 stock was sold at an average price of $2.30, for a total transaction of $1,103,680.30.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The stock was sold at an average price of $2.22, for a total transaction of $304,308.72.

ThredUp Stock Performance

ThredUp stock traded down $0.01 during midday trading on Thursday, hitting $2.44. 482,904 shares of the company’s stock were exchanged, compared to its average volume of 767,404. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.99. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a market cap of $283.52 million, a price-to-earnings ratio of -3.81 and a beta of 1.73. The firm’s 50 day simple moving average is $2.33 and its 200 day simple moving average is $1.52.

Analyst Ratings Changes

TDUP has been the topic of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday, March 4th. Telsey Advisory Group reissued an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a research report on Tuesday, March 4th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TDUP. Needham Investment Management LLC grew its position in ThredUp by 7.2% during 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. State Street Corp boosted its holdings in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after acquiring an additional 12,984 shares in the last quarter. Barclays PLC boosted its holdings in shares of ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after acquiring an additional 74,334 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ThredUp in the fourth quarter valued at about $348,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.