ThredUp Inc. (NASDAQ:TDUP) Director Sells $932,143.66 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 271,762 shares of the company’s stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $3.43, for a total transaction of $932,143.66. Following the transaction, the director now owns 250,956 shares in the company, valued at approximately $860,779.08. This trade represents a 51.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, April 17th, Patricia Nakache sold 187,179 shares of ThredUp stock. The shares were sold at an average price of $3.30, for a total transaction of $617,690.70.
• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The stock was 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 value of $109,775.68.
• 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 stock was 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 transaction 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 transaction 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 value of $1,098,055.71.

ThredUp Stock Up 1.2 %

Shares of NASDAQ TDUP opened at $3.32 on Friday. ThredUp Inc. has a 52-week low of $0.50 and a 52-week high of $3.54. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The company’s 50-day simple moving average is $2.68 and its 200-day simple moving average is $1.86. The firm has a market cap of $385.77 million, a price-to-earnings ratio of -5.19 and a beta of 1.64.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On ThredUp

Several large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of ThredUp by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock worth $63,000 after acquiring an additional 3,908 shares during the last quarter. ProShare Advisors LLC raised its position in shares of ThredUp by 49.0% in the fourth 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. CHICAGO TRUST Co NA purchased a new position in shares of ThredUp in the first quarter worth about $30,000. State Street Corp raised its holdings in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after acquiring an additional 12,984 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake 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 purchasing an additional 13,941 shares in the last quarter. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

About ThredUp

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.