Patricia Nakache Sells 315,102 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 315,102 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $2.87, for a total value of $904,342.74. Following the transaction, the director now owns 250,956 shares of the company’s stock, valued at approximately $720,243.72. This trade represents a 55.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The stock was sold at an average price of $2.69, for a total value of $94,413.62.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The stock was sold at an average price of $2.51, for a total value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value 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 value 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 value 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 value 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 shares were 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 shares were sold at an average price of $2.26, for a total value of $377,490.06.

ThredUp Stock Performance

Shares of NASDAQ:TDUP opened at $2.56 on Friday. The business’s fifty day moving average price is $1.99 and its two-hundred day moving average price is $1.31. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99. The stock has a market capitalization of $291.22 million, a price-to-earnings ratio of -4.00 and a beta of 1.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Wall Street Analyst Weigh In

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

Institutional Trading of ThredUp

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock worth $63,000 after purchasing an additional 3,908 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock worth $31,000 after purchasing an additional 7,287 shares during the last quarter. 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 worth $1,215,000 after purchasing an additional 12,984 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of ThredUp by 32.1% during the fourth quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock worth $80,000 after purchasing an additional 13,941 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of ThredUp by 14.7% during the fourth quarter. Barclays PLC now owns 119,325 shares of the company’s stock worth $166,000 after purchasing an additional 15,307 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors.

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.