Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 195,337 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at $567,160.56. This trade represents a 43.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $1.77, for a total value 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 transaction 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 transaction of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Stock Up 4.1 %

Shares of NASDAQ TDUP opened at $2.26 on Friday. The business has a 50-day moving average of $1.48 and a two-hundred day moving average of $1.21. The company has a market capitalization of $257.09 million, a price-to-earnings ratio of -3.53 and a beta of 1.66. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.45. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Institutional Investors Weigh In On ThredUp

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after purchasing an additional 15,850 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of ThredUp during the 2nd quarter worth approximately $37,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp in the 2nd quarter valued at $43,000. Creekside Partners purchased a new position in shares of ThredUp in the 2nd quarter valued at $51,000. Finally, Barclays PLC raised its stake in ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after acquiring an additional 76,553 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on TDUP. Telsey Advisory Group increased their price objective on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th.

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.