ThredUp Inc. (NASDAQ:TDUP) Director Ian Friedman Buys 6,810 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Ian Friedman acquired 6,810 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $2.20 per share, with a total value of $14,982.00. Following the completion of the transaction, the director now directly owns 367,558 shares in the company, valued at $808,627.60. This trade represents a 1.89 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

ThredUp Stock Up 3.0 %

NASDAQ TDUP traded up $0.07 during trading on Monday, hitting $2.37. The stock had a trading volume of 294,604 shares, compared to its average volume of 766,006. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.99. The company has a market capitalization of $275.38 million, a PE ratio of -3.70 and a beta of 1.73. The company’s 50-day moving average price is $2.27 and its two-hundred day moving average price is $1.50.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TDUP. Needham Investment Management LLC raised its holdings in ThredUp by 2.7% during the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock worth $8,851,000 after acquiring an additional 167,500 shares in the last quarter. FIL Ltd grew its stake in shares of ThredUp by 0.8% in the fourth quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after buying an additional 27,000 shares in the last quarter. Geode Capital Management LLC increased its holdings in ThredUp by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock worth $2,663,000 after buying an additional 26,326 shares during the last quarter. Marshall Wace LLP increased its holdings in ThredUp by 134.5% during the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock worth $2,114,000 after buying an additional 872,357 shares during the last quarter. Finally, State Street Corp raised its position in ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after acquiring an additional 12,984 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a report on Tuesday, March 4th. Telsey Advisory Group restated an “outperform” rating and set a $3.00 price objective on shares of ThredUp in a report on Tuesday, March 4th.

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.