164,107 Shares in ThredUp Inc. (NASDAQ:TDUP) Acquired by Peak6 LLC

PEAK6 LLC acquired a new position in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 164,107 shares of the company's stock, valued at approximately $228,000. PEAK6 LLC owned about 0.14% of ThredUp as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of TDUP. Virtu Financial LLC purchased a new position in shares of ThredUp during the 4th quarter valued at about $33,000. O Shaughnessy Asset Management LLC purchased a new position in ThredUp during the fourth quarter valued at approximately $64,000. Wells Fargo & Company MN lifted its holdings in ThredUp by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 57,426 shares of the company's stock valued at $80,000 after acquiring an additional 13,941 shares during the period. Barclays PLC boosted its position in ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company's stock worth $87,000 after purchasing an additional 76,553 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of ThredUp during the 4th quarter valued at approximately $105,000. Institutional investors and hedge funds own 89.08% of the company's stock.

ThredUp Price Performance

NASDAQ:TDUP traded up $0.08 during trading hours on Friday, reaching $4.20. 1,544,483 shares of the company were exchanged, compared to its average volume of 834,399. The stock's 50-day moving average is $2.77 and its 200-day moving average is $1.93. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $4.28. The firm has a market cap of $488.02 million, a PE ratio of -6.56 and a beta of 1.64. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Analysts Set New Price Targets

Several research firms recently commented on TDUP. Telsey Advisory Group restated an "outperform" rating and set a $3.00 price target on shares of ThredUp in a research report on Tuesday, March 4th. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research note on Tuesday, March 4th.

Insider Buying and Selling

In other ThredUp news, Director Patricia Nakache sold 212,842 shares of the business's stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $3.32, for a total transaction of $706,635.44. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at approximately $833,173.92. The trade was a 45.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,409,618 shares of company stock worth $6,624,413 in the last 90 days. Insiders own 34.42% 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.