Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $109,775.68 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 49,007 shares of ThredUp stock in a transaction on 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 of the company’s stock, valued at $562,141.44. This trade represents a 16.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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 shares were sold at an average price of $2.71, for a total value 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 value 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 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 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 value 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 Stock Up 4.9 %

NASDAQ:TDUP opened at $2.56 on Friday. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99. 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 stock has a market cap of $297.46 million, a price-to-earnings ratio of -4.00 and a beta of 1.73. The stock has a 50-day moving average price of $2.37 and a two-hundred day moving average price of $1.55.

Wall Street Analyst Weigh In

TDUP has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Tuesday, March 4th. Telsey Advisory Group reissued an “outperform” rating and issued a $3.00 target price on shares of ThredUp in a research note on Tuesday, March 4th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Needham Investment Management LLC lifted its holdings in shares of ThredUp by 2.7% in the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company’s stock valued at $8,851,000 after purchasing an additional 167,500 shares in the last quarter. FIL Ltd lifted its holdings in shares of ThredUp by 0.8% in the fourth quarter. FIL Ltd now owns 3,400,000 shares of the company’s stock valued at $4,726,000 after purchasing an additional 27,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ThredUp by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock valued at $2,663,000 after purchasing an additional 26,326 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of ThredUp by 134.5% in the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock valued at $2,114,000 after purchasing an additional 872,357 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after purchasing an additional 12,984 shares in the last quarter. 89.08% of the stock is owned by institutional investors and hedge funds.

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.