Arrowstreet Capital Limited Partnership Takes $521,000 Position in ThredUp Inc. (NASDAQ:TDUP)

Arrowstreet Capital Limited Partnership bought a new position in ThredUp Inc. (NASDAQ:TDUP - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 374,604 shares of the company's stock, valued at approximately $521,000. Arrowstreet Capital Limited Partnership owned about 0.33% of ThredUp as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of TDUP. Virtu Financial LLC purchased a new stake in ThredUp in the fourth quarter valued at approximately $33,000. Barclays PLC raised its position in shares of ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company's stock valued at $87,000 after buying an additional 76,553 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of ThredUp by 450.6% during the 4th quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after acquiring an additional 165,115 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ThredUp in the fourth quarter worth $348,000. Finally, State Street Corp grew its position in ThredUp by 0.9% in the third 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 in the last quarter. Institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TDUP. Telsey Advisory Group reiterated an "outperform" rating and issued a $3.00 price objective on shares of ThredUp in a report on Tuesday, March 4th. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th.

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Insider Buying and Selling at ThredUp

In other news, Director Patricia Nakache sold 19,685 shares of the business's stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $2.50, for a total value of $49,212.50. Following the sale, the director now directly owns 250,956 shares in the company, valued at $627,390. The trade was a 7.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 2,208,114 shares of company stock valued at $5,413,508 in the last three months. 34.42% of the stock is currently owned by corporate insiders.

ThredUp Stock Performance

NASDAQ TDUP traded down $0.20 on Wednesday, reaching $3.22. 939,415 shares of the stock were exchanged, compared to its average volume of 809,147. The company's 50-day simple moving average is $2.63 and its two-hundred day simple moving average is $1.81. 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 firm has a market capitalization of $374.15 million, a PE ratio of -5.03 and a beta of 1.64. ThredUp Inc. has a one year low of $0.50 and a one year high of $3.54.

ThredUp 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.