ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 91,070 Shares

ThredUp Inc. (NASDAQ:TDUPGet Free Report) Director Patricia Nakache sold 91,070 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $2.48, for a total value of $225,853.60. Following the transaction, the director now directly owns 250,956 shares in the company, valued at $622,370.88. The trade was a 26.63 % 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 Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68.
  • 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 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 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 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 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 value 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 value of $304,308.72.

ThredUp Price Performance

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

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis on ThredUp

Institutional Trading of ThredUp

Several hedge funds have recently added to or reduced their stakes in TDUP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 worth $63,000 after purchasing an additional 3,908 shares during the period. ProShare Advisors LLC lifted its position in shares of ThredUp by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after buying an additional 7,287 shares during the last quarter. State Street Corp grew its stake in shares of 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 period. Wells Fargo & Company MN increased its holdings in ThredUp by 32.1% in 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 during the last quarter. Finally, Barclays PLC raised its stake in ThredUp by 14.7% in the 4th quarter. Barclays PLC now owns 119,325 shares of the company’s stock valued at $166,000 after acquiring an additional 15,307 shares during the period. Institutional investors own 89.08% of the company’s stock.

ThredUp Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for ThredUp (NASDAQ:TDUP)

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