Patricia Nakache Sells 54,801 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 54,801 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78. Following the sale, the director now owns 247 shares of the company’s stock, valued at approximately $439.66. The trade was a 99.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Performance

TDUP remained flat at $1.73 during trading on Tuesday. The company had a trading volume of 611,352 shares, compared to its average volume of 683,808. The firm’s 50 day moving average is $0.95 and its 200-day moving average is $1.28. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.60. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $196.80 million, a PE ratio of -2.70 and a beta of 1.62.

Analyst Upgrades and Downgrades

A number of analysts recently commented on TDUP shares. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Wednesday, October 23rd. Telsey Advisory Group restated an “outperform” rating and set a $3.00 target price on shares of ThredUp in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company reduced their price target on ThredUp from $5.00 to $3.00 and set an “overweight” rating for the company in a research report on Tuesday, August 6th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $3.40.

Hedge Funds Weigh In On ThredUp

Several institutional investors have recently modified their holdings of TDUP. Sei Investments Co. purchased a new stake in ThredUp in the second quarter worth approximately $37,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of ThredUp by 33.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after acquiring an additional 5,635 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of ThredUp in the 2nd quarter valued at $43,000. Diversified Trust Co boosted its stake in shares of ThredUp by 117.3% in the 2nd quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock valued at $48,000 after purchasing an additional 15,175 shares in the last quarter. Finally, Creekside Partners bought a new position in shares of ThredUp during the 2nd quarter valued at $51,000. 89.08% of the stock is currently owned by institutional investors.

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.