Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $20,940.00 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 8,376 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $2.50, for a total value of $20,940.00. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at $627,390. The trade was a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction of $49,212.50.
• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The shares were sold at an average price of $2.61, for a total transaction of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were sold at an average price of $2.30, for a total transaction of $1,103,680.30.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The shares were sold at an average price of $2.22, for a total transaction of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The shares were sold at an average price of $2.19, for a total transaction of $76,207.62.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total transaction of $377,490.06.
• 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 Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was 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.

ThredUp Trading Up 1.5 %

TDUP opened at $2.63 on Thursday. 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 fifty-two week low of $0.50 and a fifty-two week high of $2.69. The company’s 50-day moving average is $1.84 and its 200 day moving average is $1.27.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Needham Investment Management LLC raised its holdings in shares of ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after acquiring an additional 415,000 shares during the last quarter. Geode Capital Management LLC increased its stake in ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock valued at $2,663,000 after buying an additional 26,326 shares during the last quarter. State Street Corp increased its stake in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after buying an additional 12,984 shares during the last quarter. BloombergSen Inc. increased its stake in ThredUp by 278.9% in the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock valued at $889,000 after buying an additional 470,768 shares during the last quarter. Finally, Privium Fund Management B.V. increased its stake in ThredUp by 76.3% in the 3rd quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after buying an additional 165,935 shares during the last quarter. Institutional investors and hedge funds 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.