Patricia Nakache Sells 49,007 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 49,007 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $2.24, for a total value of $109,775.68. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $562,141.44. This represents a 16.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total value of $225,853.60.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The stock was sold at an average price of $2.71, for a total transaction of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total transaction of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The stock was sold at an average price of $2.69, for a total value of $94,413.62.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The stock was sold at an average price of $2.51, for a total value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total transaction of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The stock was 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 stock was 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 shares were sold at an average price of $2.22, for a total value of $304,308.72.

ThredUp Trading Up 9.8 %

NASDAQ:TDUP traded up $0.25 during mid-day trading on Monday, hitting $2.81. The company had a trading volume of 828,485 shares, compared to its average volume of 775,042. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99. The firm has a market cap of $326.51 million, a P/E ratio of -4.39 and a beta of 1.73. The business's fifty day moving average is $2.37 and its two-hundred day moving average is $1.55.

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Analyst Upgrades and Downgrades

TDUP has been the subject of several recent research reports. Telsey Advisory Group reissued an "outperform" rating and set 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 report on Tuesday, March 4th.

Institutional Trading of ThredUp

Hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company's stock valued at $63,000 after purchasing an additional 3,908 shares during the period. ProShare Advisors LLC boosted its position in shares of ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock worth $31,000 after purchasing an additional 7,287 shares in the last quarter. State Street Corp grew its holdings 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 buying an additional 12,984 shares during the period. Wells Fargo & Company MN increased its position in shares of ThredUp by 32.1% in the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company's stock valued at $80,000 after buying an additional 13,941 shares in the last quarter. Finally, Barclays PLC raised its stake in ThredUp by 14.7% during the 4th quarter. Barclays PLC now owns 119,325 shares of the company's stock worth $166,000 after buying an additional 15,307 shares during the period. 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.