ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 49,007 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 49,007 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $2.24, for a total value of $109,775.68. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $562,141.44. This represents a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total value of $225,853.60.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The stock was sold at an average price of $2.71, for a total transaction of $163,342.54.
• 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 stock was 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 shares were 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 shares were 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 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 shares were 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 shares were sold at an average price of $2.22, for a total transaction of $304,308.72.

ThredUp Stock Performance

ThredUp stock opened at $2.44 on Friday. The company has a market cap of $283.52 million, a PE ratio of -3.81 and a beta of 1.73. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99. The company’s 50-day moving average is $2.35 and its two-hundred day moving average is $1.53.

Institutional Trading of ThredUp

Institutional investors have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of ThredUp by 9.4% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock valued at $63,000 after buying an additional 3,908 shares during the period. ProShare Advisors LLC lifted its stake in ThredUp by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after acquiring an additional 7,287 shares in the last quarter. State Street Corp boosted its position in ThredUp by 0.9% during the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after acquiring an additional 12,984 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of ThredUp by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock worth $80,000 after acquiring an additional 13,941 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of ThredUp by 14.7% in 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 in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Telsey Advisory Group reiterated an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, March 4th. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a report on Tuesday, March 4th.

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.