ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 195,337 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 195,337 shares of the firm's stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $2.26, for a total value of $441,461.62. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $567,160.56. This trade represents a 43.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction 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 transaction 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 transaction 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 Stock Performance

Shares of ThredUp stock traded down $0.09 during trading hours on Thursday, reaching $2.17. The company's stock had a trading volume of 1,674,960 shares, compared to its average volume of 2,116,126. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.42. The company's 50 day simple moving average is $1.43 and its 200 day simple moving average is $1.20. 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 stock has a market cap of $246.86 million, a P/E ratio of -3.39 and a beta of 1.66.

Hedge Funds Weigh In On ThredUp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Blair William & Co. IL lifted its holdings in shares of ThredUp by 285.0% in the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock worth $1,550,000 after purchasing an additional 674,852 shares during the last quarter. SG Americas Securities LLC lifted its stake in ThredUp by 84.8% in the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company's stock valued at $29,000 after buying an additional 15,850 shares during the last quarter. State Street Corp lifted its stake in ThredUp by 0.9% in the third 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 last quarter. Sei Investments Co. acquired a new position in shares of ThredUp during the second quarter valued at $37,000. Finally, Bank of New York Mellon Corp grew its position in shares of ThredUp by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company's stock worth $467,000 after acquiring an additional 20,933 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Telsey Advisory Group raised their price objective on ThredUp from $2.00 to $3.00 and gave the company an "outperform" rating in a research note on Wednesday. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Tuesday.

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.

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