Patricia Nakache Sells 60,274 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 60,274 shares of the firm’s 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 transaction, the director now owns 250,956 shares in the company, valued at $680,090.76. The trade was a 19.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock was 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 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 shares were 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 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 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 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.

ThredUp Stock Performance

Shares of NASDAQ:TDUP opened at $2.56 on Tuesday. 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 stock has a market capitalization of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75. The business has a 50-day moving average price of $2.01 and a two-hundred day moving average price of $1.34.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TDUP. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Friday, February 14th. Telsey Advisory Group reissued an “outperform” rating and set a $3.00 price target on shares of ThredUp in a research note on Monday.

Institutional Investors Weigh In On ThredUp

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC boosted its stake in ThredUp by 84.8% in the third 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 during the last quarter. BloombergSen Inc. grew its stake in shares of ThredUp by 118.5% during the third quarter. BloombergSen Inc. now owns 168,780 shares of the company’s stock worth $142,000 after purchasing an additional 91,518 shares during the period. Privium Fund Management B.V. increased its holdings in ThredUp by 76.3% in the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after purchasing an additional 165,935 shares during the last quarter. Needham Investment Management LLC lifted its stake in 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 buying an additional 415,000 shares during the period. Finally, 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 worth $1,215,000 after buying an additional 12,984 shares during the last quarter. 89.08% of the stock is owned by institutional investors.

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.