Patricia Nakache Sells 91,070 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 91,070 shares of the company’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $622,370.88. This trade represents a 26.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The shares were sold at an average price of $2.71, for a total transaction of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total transaction of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total transaction of $94,413.62.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction of $20,940.00.
• 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.

ThredUp Price Performance

Shares of TDUP opened at $2.56 on Friday. The stock has a market cap of $297.46 million, a PE ratio of -4.00 and a beta of 1.73. 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 $2.99. The firm’s 50-day simple moving average is $2.37 and its two-hundred day simple moving average is $1.54.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently made changes to their positions in the company. Needham Investment Management LLC grew its holdings in shares of ThredUp by 2.7% during the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after buying an additional 167,500 shares during the last quarter. FIL Ltd grew its holdings in shares of ThredUp by 0.8% during 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 during the last quarter. Geode Capital Management LLC grew its holdings in shares of ThredUp by 1.4% during the fourth 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. Marshall Wace LLP grew its holdings in shares of ThredUp by 134.5% during the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after buying an additional 872,357 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of ThredUp by 0.9% during the third 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. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on TDUP. 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 issued a $3.00 price objective on shares of ThredUp in a report on Tuesday, March 4th.

ThredUp Company Profile

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.