Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 479,861 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 479,861 shares of ThredUp stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $2.30, for a total value of $1,103,680.30. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at approximately $577,198.80. The trade was a 65.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• 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 transaction of $1,098,055.71.
• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The shares were sold at an average price of $2.22, for a total transaction of $304,308.72.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total value of $76,207.62.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total transaction of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total value of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were sold at an average price of $1.78, for a total transaction of $97,545.78.

ThredUp Trading Up 0.8 %

Shares of NASDAQ TDUP traded up $0.02 during mid-day trading on Friday, hitting $2.47. 626,024 shares of the company were exchanged, compared to its average volume of 1,645,928. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.69. The stock has a 50 day simple moving average of $1.79 and a 200-day simple moving average of $1.26. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Analyst Ratings Changes

A number of analysts have recently commented on TDUP shares. Telsey Advisory Group boosted their price objective on ThredUp from $2.00 to $3.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research report on Tuesday, January 14th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC boosted its stake in shares of ThredUp by 26.0% in the second quarter. Renaissance Technologies LLC now owns 444,412 shares of the company's stock valued at $756,000 after purchasing an additional 91,708 shares during the period. Sei Investments Co. bought a new position in shares of ThredUp in the second quarter worth $37,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the 2nd quarter valued at $43,000. Squarepoint Ops LLC lifted its holdings in ThredUp by 72.6% in the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company's stock valued at $684,000 after acquiring an additional 169,196 shares during the last quarter. Finally, SG Americas Securities LLC boosted its stake in shares of ThredUp by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock worth $29,000 after acquiring an additional 15,850 shares in the last quarter. 89.08% of the stock is currently 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.