ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 167,031 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 167,031 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $2.26, for a total transaction of $377,490.06. Following the sale, the director now directly owns 250,956 shares of the company's stock, valued at approximately $567,160.56. This represents a 39.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 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 shares were 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 stock was sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total value 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

Shares of NASDAQ:TDUP traded down $0.06 on Wednesday, reaching $2.20. The company's stock had a trading volume of 858,177 shares, compared to its average volume of 1,901,767. The company has a market cap of $250.27 million, a P/E ratio of -3.44 and a beta of 1.66. ThredUp Inc. has a 52-week low of $0.50 and a 52-week high of $2.45. 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 company has a 50-day simple moving average of $1.53 and a 200 day simple moving average of $1.22.

Analyst Upgrades and Downgrades

TDUP has been the topic of several research analyst reports. Telsey Advisory Group boosted their target price on shares of ThredUp from $2.00 to $3.00 and gave the stock an "outperform" rating in a report on Wednesday, January 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research note on Tuesday, January 14th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its position in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock worth $29,000 after purchasing an additional 15,850 shares during the last quarter. Sei Investments Co. bought a new position in ThredUp in the 2nd quarter worth about $37,000. Cubist Systematic Strategies LLC purchased a new position in shares of ThredUp during the second quarter worth approximately $43,000. Creekside Partners bought a new stake in shares of ThredUp during the second quarter valued at approximately $51,000. Finally, Barclays PLC grew its stake in ThredUp by 278.7% in the third 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. Hedge funds and other institutional investors own 89.08% of the company's stock.

About ThredUp

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.