Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 60,274 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 60,274 shares of ThredUp stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $2.71, for a total transaction of $163,342.54. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $680,090.76. The trade was a 19.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $2.19, for a total transaction 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 transaction of $226,613.10.

ThredUp Trading Down 1.2 %

NASDAQ TDUP opened at $2.50 on Thursday. The stock has a market capitalization of $284.40 million, a price-to-earnings ratio of -3.91 and a beta of 1.75. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.99. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The business’s fifty day moving average is $2.05 and its 200-day moving average is $1.36.

Institutional Investors Weigh In On ThredUp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC raised its stake in ThredUp by 2.7% in the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after acquiring an additional 167,500 shares during the period. FIL Ltd raised its stake in ThredUp by 0.8% in the 4th quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after acquiring an additional 27,000 shares during the period. Geode Capital Management LLC raised its stake in ThredUp by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock valued at $2,663,000 after acquiring an additional 26,326 shares during the period. Marshall Wace LLP raised its stake in ThredUp by 134.5% in the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after acquiring an additional 872,357 shares during the period. Finally, State Street Corp raised its stake in ThredUp by 0.9% in the 3rd 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. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 target price on shares of ThredUp in a research note on Monday. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Friday, February 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.