Patricia Nakache Sells 479,861 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 479,861 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $2.30, for a total transaction of $1,103,680.30. Following the completion of the transaction, the director now owns 250,956 shares of the company’s stock, valued at approximately $577,198.80. The trade was a 65.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The stock was sold at an average price of $2.61, for a total transaction of $1,098,055.71.
• 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 value of $76,207.62.
• 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 value 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 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 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 transaction 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.

ThredUp Stock Up 3.5 %

Shares of NASDAQ TDUP traded up $0.09 during mid-day trading on Wednesday, reaching $2.63. 1,379,469 shares of the company traded hands, compared to its average volume of 1,461,173. The company’s fifty day moving average is $1.73 and its two-hundred day moving average is $1.24. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a market cap of $299.19 million, a PE ratio of -4.11 and a beta of 1.75.

Hedge Funds Weigh In On ThredUp

A number of institutional investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after buying an additional 76,553 shares during the period. Geode Capital Management LLC lifted its position in ThredUp by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after acquiring an additional 74,334 shares during the last quarter. State Street Corp boosted its holdings in 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 acquiring an additional 12,984 shares during the period. Needham Investment Management LLC grew its position in shares of ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 415,000 shares during the last quarter. Finally, Privium Fund Management B.V. lifted its position in shares of ThredUp by 76.3% during the 3rd quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock worth $323,000 after purchasing an additional 165,935 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on TDUP shares. Telsey Advisory Group lifted their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Needham & Company LLC restated 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.