Patricia Nakache Sells 420,711 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 420,711 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $2.61, for a total transaction of $1,098,055.71. Following the sale, the director now directly owns 250,956 shares in the company, valued at $654,995.16. This trade represents a 62.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 value of $1,103,680.30.
• 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 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 value 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 transaction 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 value 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 transaction 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 Stock Up 0.8 %

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its position in shares of ThredUp by 26.0% in the second quarter. Renaissance Technologies LLC now owns 444,412 shares of the company's stock worth $756,000 after buying an additional 91,708 shares in the last quarter. Sei Investments Co. bought a new position in shares of ThredUp in the 2nd quarter valued at about $37,000. Cubist Systematic Strategies LLC purchased a new position in ThredUp in the second quarter worth about $43,000. Squarepoint Ops LLC increased its stake in ThredUp by 72.6% during the second quarter. Squarepoint Ops LLC now owns 402,398 shares of the company's stock worth $684,000 after acquiring an additional 169,196 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in ThredUp by 84.8% during 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 during the period. Institutional investors own 89.08% of the company's stock.

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.