Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 137,076 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 137,076 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $2.22, for a total value of $304,308.72. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at $557,122.32. This represents a 35.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction 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 transaction 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 value 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 value 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.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction of $354.00.

ThredUp Price Performance

Shares of NASDAQ TDUP traded up $0.18 during trading on Tuesday, hitting $2.54. The company had a trading volume of 1,174,662 shares, compared to its average volume of 1,464,666. The company has a market cap of $288.95 million, a P/E ratio of -3.97 and a beta of 1.75. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The business's 50-day moving average is $1.73 and its 200 day moving average is $1.24. ThredUp Inc. has a 52 week low of $0.50 and a 52 week high of $2.61.

Institutional Investors Weigh In On ThredUp

Several hedge funds have recently modified their holdings of the stock. Needham Investment Management LLC boosted its position in shares of ThredUp by 7.2% in the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company's stock valued at $5,220,000 after purchasing an additional 415,000 shares during the period. Geode Capital Management LLC increased its position in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company's stock worth $1,591,000 after acquiring an additional 74,334 shares in the last quarter. State Street Corp raised its holdings in shares of ThredUp by 0.9% during the third 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 during the period. Marshall Wace LLP lifted its position in shares of ThredUp by 37.4% in the 2nd quarter. Marshall Wace LLP now owns 771,483 shares of the company's stock valued at $1,312,000 after acquiring an additional 209,792 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in ThredUp by 26.0% in the 2nd quarter. Renaissance Technologies LLC now owns 444,412 shares of the company's stock worth $756,000 after purchasing an additional 91,708 shares during the period. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Telsey Advisory Group upped their target price on ThredUp from $2.00 to $3.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research note on Tuesday, January 14th.

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.