Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 119,221 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 119,221 shares of ThredUp stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $1.78, for a total value of $212,213.38. Following the transaction, the director now owns 240,438 shares of the company’s stock, valued at approximately $427,979.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, July 10th, Patricia Nakache sold 400 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $708.00.
• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The stock was sold at an average price of $2.08, for a total value of $61,075.04.
• On Tuesday, May 28th, Patricia Nakache sold 22,967 shares of ThredUp stock. The stock was sold at an average price of $2.11, for a total value of $48,460.37.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The stock was sold at an average price of $2.06, for a total value of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total value of $306,120.35.
• On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The stock was sold at an average price of $1.91, for a total value of $209,973.94.
• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total value of $540.00.

ThredUp Stock Performance

Shares of NASDAQ TDUP remained flat at $1.77 during midday trading on Friday. 393,647 shares of the stock were exchanged, compared to its average volume of 518,379. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22. ThredUp Inc. has a 52 week low of $1.52 and a 52 week high of $4.39. The stock’s fifty day moving average price is $1.86 and its 200 day moving average price is $1.93. The firm has a market cap of $195.15 million, a P/E ratio of -2.77 and a beta of 0.78.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of ThredUp by 29.4% during the fourth quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after buying an additional 7,997 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of ThredUp during the fourth quarter worth $35,000. Ieq Capital LLC grew its stake in shares of ThredUp by 35.7% during the fourth quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock worth $122,000 after buying an additional 14,326 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its stake 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 worth $198,000 after buying an additional 77,415 shares during the last quarter. Finally, Capital World Investors grew its stake 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 worth $19,305,000 after buying an additional 516,000 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.