ThredUp Inc. (NASDAQ:TDUP) Director Sells $217,810.27 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 86,777 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $629,899.56. The trade was a 25.69 % decrease in their ownership of the stock. The transaction 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 Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were 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 shares were 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 shares were 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.
• 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 stock was 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.

ThredUp Stock Down 0.4 %

Shares of NASDAQ TDUP opened at $2.66 on Friday. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.75. The stock has a market cap of $302.60 million, a PE ratio of -4.16 and a beta of 1.75. 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 company has a 50-day moving average of $1.88 and a 200 day moving average of $1.28.

Institutional Trading of ThredUp

Several large investors have recently bought and sold shares of TDUP. SG Americas Securities LLC grew its stake in ThredUp by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after acquiring an additional 15,850 shares in the last quarter. Virtu Financial LLC purchased a new stake in ThredUp during the 4th quarter valued at about $33,000. Cubist Systematic Strategies LLC purchased a new stake in ThredUp during the 2nd quarter valued at about $43,000. O Shaughnessy Asset Management LLC purchased a new stake in ThredUp during the 4th quarter valued at about $64,000. Finally, Wells Fargo & Company MN grew its stake in ThredUp by 32.1% during the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock valued at $80,000 after acquiring an additional 13,941 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TDUP shares. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Friday. Telsey Advisory Group upped their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th.

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.