ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 34,798 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 34,798 shares of the stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $2.19, for a total transaction of $76,207.62. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $549,593.64. This trade represents a 12.18 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The stock was sold at an average price of $2.22, for a total value of $304,308.72.
• 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 value 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 value of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were 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 stock was 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 shares were sold at an average price of $1.77, for a total transaction of $73,766.52.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The stock was 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.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value of $354.00.

ThredUp Price Performance

ThredUp stock traded up $0.18 during mid-day trading on Tuesday, hitting $2.54. The company's stock had a trading volume of 1,174,662 shares, compared to its average volume of 1,464,666. The stock has a market capitalization of $288.95 million, a P/E ratio of -3.97 and a beta of 1.75. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.61. The stock's fifty day moving average price is $1.73 and its two-hundred day moving average price is $1.24. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28.

Wall Street Analysts Forecast Growth

TDUP has been the topic of several research analyst reports. Telsey Advisory Group lifted their price target 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 report on Tuesday, January 14th.

Hedge Funds Weigh In On ThredUp

Hedge funds have recently modified their holdings of the stock. State Street Corp lifted its position in shares of 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 in the last quarter. SG Americas Securities LLC lifted its holdings in shares of ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after purchasing an additional 15,850 shares in the last quarter. Sei Investments Co. acquired a new stake in shares of ThredUp in the second quarter worth $37,000. Cubist Systematic Strategies LLC purchased a new position in shares of ThredUp during the second quarter valued at $43,000. Finally, Creekside Partners acquired a new position in ThredUp during the second quarter valued at $51,000. 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.