ThredUp Inc. (NASDAQ:TDUP) Director Sells $617,690.70 in Stock

ThredUp Inc. (NASDAQ:TDUPGet Free Report) Director Patricia Nakache sold 187,179 shares of the firm’s stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $3.30, for a total value of $617,690.70. Following the transaction, the director now owns 250,956 shares in the company, valued at approximately $828,154.80. The trade was a 42.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, April 15th, Patricia Nakache sold 271,762 shares of ThredUp stock. The shares were sold at an average price of $3.43, for a total value of $932,143.66.
  • 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 transaction of $225,853.60.
  • On Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The stock was 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 value 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 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 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 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.

ThredUp Trading Up 1.2 %

NASDAQ:TDUP opened at $3.32 on Friday. The firm has a market capitalization of $385.77 million, a P/E ratio of -5.19 and a beta of 1.64. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. ThredUp Inc. has a one year low of $0.50 and a one year high of $3.54. The company’s 50-day simple moving average is $2.68 and its 200 day simple moving average is $1.85.

Wall Street Analyst Weigh In

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

View Our Latest Stock Analysis on ThredUp

Institutional Trading of ThredUp

Several hedge funds and other institutional investors have recently made changes to their positions in TDUP. Simplicity Wealth LLC bought a new stake in ThredUp in the first quarter worth $156,000. CHICAGO TRUST Co NA purchased a new position in shares of ThredUp in the 1st quarter worth about $30,000. Two Sigma Investments LP boosted its stake in ThredUp by 150.1% in the 4th quarter. Two Sigma Investments LP now owns 114,632 shares of the company’s stock worth $159,000 after purchasing an additional 68,790 shares in the last quarter. Two Sigma Advisers LP grew its position in ThredUp by 572.8% during the 4th quarter. Two Sigma Advisers LP now owns 109,000 shares of the company’s stock valued at $152,000 after purchasing an additional 92,800 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in 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 purchasing an additional 7,287 shares during the last quarter. Hedge funds and other 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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