Marshall Wace LLP Purchases 872,357 Shares of ThredUp Inc. (NASDAQ:TDUP)

Marshall Wace LLP boosted its position in ThredUp Inc. (NASDAQ:TDUP - Free Report) by 134.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,521,138 shares of the company's stock after acquiring an additional 872,357 shares during the period. Marshall Wace LLP owned 1.34% of ThredUp worth $2,114,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TDUP. Virtu Financial LLC purchased a new position in ThredUp during the 4th quarter valued at about $33,000. O Shaughnessy Asset Management LLC purchased a new position in ThredUp during the 4th quarter valued at $64,000. Wells Fargo & Company MN raised its holdings 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. XTX Topco Ltd purchased a new stake in shares of ThredUp in the 4th quarter worth about $105,000. Finally, Barclays PLC boosted its stake 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 purchasing an additional 76,553 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company's stock.

Insider Transactions at ThredUp

In other ThredUp news, Director Patricia Nakache sold 137,076 shares of ThredUp stock in a transaction on Friday, January 31st. The stock was sold at an average price of $2.22, for a total transaction of $304,308.72. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at approximately $557,122.32. The trade was a 35.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 2,409,618 shares of company stock valued at $6,624,413 in the last ninety days. 27.00% of the stock is currently owned by corporate insiders.

ThredUp Trading Up 1.9 %

NASDAQ:TDUP opened at $4.20 on Monday. ThredUp Inc. has a one year low of $0.50 and a one year high of $4.28. The company's 50-day simple moving average is $2.80 and its 200 day simple moving average is $1.97. The firm has a market capitalization of $488.02 million, a P/E ratio of -6.56 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.

Analyst Ratings Changes

Several analysts have commented on the stock. Telsey Advisory Group restated an "outperform" rating and issued a $3.00 price objective 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.

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.

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