ThredUp Inc. (NASDAQ:TDUP) Director Sells $377,490.06 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 167,031 shares of the stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $2.26, for a total value of $377,490.06. Following the transaction, the director now owns 250,956 shares in the company, valued at $567,160.56. The trade was a 39.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was 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 shares were 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 stock was 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 Stock Up 2.4 %

Shares of NASDAQ:TDUP opened at $2.17 on Friday. The stock has a market cap of $246.86 million, a price-to-earnings ratio of -3.39 and a beta of 1.66. The business’s 50 day moving average is $1.61 and its 200 day moving average is $1.23. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.45. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ThredUp

A number of hedge funds have recently bought and sold shares of TDUP. Blair William & Co. IL raised its holdings in shares of ThredUp by 285.0% in the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock valued at $1,550,000 after purchasing an additional 674,852 shares during the last quarter. Needham Investment Management LLC increased its stake in ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after buying an additional 415,000 shares during the last quarter. Marshall Wace LLP lifted its position in shares of ThredUp by 37.4% during the 2nd quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after buying an additional 209,792 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of ThredUp by 72.6% during the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock worth $684,000 after buying an additional 169,196 shares in the last quarter. Finally, Privium Fund Management B.V. boosted its stake in shares of 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 buying an additional 165,935 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other 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.