ThredUp Inc. (NASDAQ:TDUP) Director Sells $1,219,721.10 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 625,498 shares of the business’s stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $1.95, for a total transaction of $1,219,721.10. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at $489,364.20. This represents a 71.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The shares were 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 stock was sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were sold at an average price of $1.78, for a total value 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 Price Performance

Shares of TDUP stock opened at $2.26 on Friday. The stock has a 50 day moving average price of $1.45 and a 200 day moving average price of $1.21. ThredUp Inc. has a 52-week low of $0.50 and a 52-week high of $2.45. 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 firm has a market capitalization of $257.10 million, a P/E ratio of -3.53 and a beta of 1.66.

Analyst Ratings Changes

A number of brokerages recently issued reports on TDUP. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group raised their target price on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday.

Institutional Trading of ThredUp

A number of hedge funds and other institutional investors have recently bought and sold shares of TDUP. Sei Investments Co. purchased a new stake in shares of ThredUp during the second quarter valued at $37,000. Cubist Systematic Strategies LLC purchased a new stake in ThredUp in the 2nd quarter valued at about $43,000. Creekside Partners bought a new position in ThredUp in the 2nd quarter worth about $51,000. SG Americas Securities LLC increased its position in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after acquiring an additional 15,850 shares during the period. Finally, Barclays PLC raised its stake in shares of ThredUp by 278.7% during 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. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.