Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 34,798 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 34,798 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was sold at an average price of $2.19, for a total value of $76,207.62. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $549,593.64. This represents a 12.18 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The stock was 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 shares were 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 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 stock was sold at an average price of $1.95, for a total value 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 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 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 stock was sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Trading Down 0.9 %

TDUP stock opened at $2.19 on Friday. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $1.70 and its two-hundred day simple moving average is $1.25.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On ThredUp

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp increased its stake in ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after purchasing an additional 12,984 shares during the period. SG Americas Securities LLC grew its holdings in shares of ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after purchasing an additional 15,850 shares during the last quarter. Sei Investments Co. purchased a new position in ThredUp in the 2nd quarter worth about $37,000. Cubist Systematic Strategies LLC purchased a new position in ThredUp in the 2nd quarter worth about $43,000. Finally, Creekside Partners bought a new stake in ThredUp during the 2nd quarter valued at about $51,000. 89.08% of the stock is currently owned by institutional investors.

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.