ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 8,376 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 8,376 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $2.50, for a total transaction of $20,940.00. Following the completion of the sale, the director now directly owns 250,956 shares of the company's stock, valued at $627,390. This represents a 3.23 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The shares were 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.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were sold at an average price of $2.30, for a total transaction of $1,103,680.30.
• 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 shares were sold at an average price of $2.19, for a total transaction 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 stock was 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 transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was sold at an average price of $1.95, for a total transaction of $1,219,721.10.

ThredUp Stock Down 0.4 %

TDUP traded down $0.01 during midday trading on Friday, reaching $2.66. The company's stock had a trading volume of 334,261 shares, compared to its average volume of 1,267,553. The firm has a market capitalization of $302.49 million, a price-to-earnings ratio of -4.16 and a beta of 1.75. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.75. The stock's 50-day moving average is $1.86 and its 200-day moving average is $1.28.

Institutional Investors Weigh In On ThredUp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP grew its holdings in ThredUp by 134.5% in the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company's stock worth $2,114,000 after purchasing an additional 872,357 shares during the period. PEAK6 LLC purchased a new stake in ThredUp in the fourth quarter worth about $228,000. XTX Topco Ltd purchased a new stake in ThredUp in the fourth quarter worth about $105,000. Barclays PLC grew its holdings in ThredUp by 14.7% in the fourth quarter. Barclays PLC now owns 119,325 shares of the company's stock worth $166,000 after purchasing an additional 15,307 shares during the period. Finally, Archon Capital Management LLC purchased a new stake in shares of ThredUp during the fourth quarter valued at approximately $461,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Telsey Advisory Group increased their price target on shares of ThredUp from $2.00 to $3.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research note on Friday.

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.