ThredUp Inc. (NASDAQ:TDUP) Director Sells $904,342.74 in Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 315,102 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $2.87, for a total transaction of $904,342.74. Following the sale, the director now directly owns 250,956 shares of the company's stock, valued at $720,243.72. This represents a 55.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 transaction 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 value of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were 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.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The shares were sold at an average price of $2.19, for a total value 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 value 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.

ThredUp Trading Down 7.9 %

Shares of TDUP stock traded down $0.22 during trading hours on Friday, hitting $2.56. 1,072,331 shares of the company were exchanged, compared to its average volume of 767,889. The firm has a market cap of $291.23 million, a P/E ratio of -4.00 and a beta of 1.75. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.99. 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 $1.99 and a two-hundred day simple moving average of $1.32.

Hedge Funds Weigh In On ThredUp

A number of large investors have recently modified their holdings of TDUP. Marshall Wace LLP lifted its holdings in shares of ThredUp by 134.5% in the 4th quarter. Marshall Wace LLP now owns 1,521,138 shares of the company's stock worth $2,114,000 after purchasing an additional 872,357 shares in the last quarter. BloombergSen Inc. lifted its holdings in shares of ThredUp by 278.9% in the 4th quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock worth $889,000 after purchasing an additional 470,768 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of ThredUp by 75.2% in the 4th quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock worth $1,360,000 after purchasing an additional 420,012 shares in the last quarter. Needham Investment Management LLC lifted its holdings 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 worth $5,220,000 after purchasing an additional 415,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of ThredUp in the 4th quarter worth $521,000. 89.08% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on TDUP. Telsey Advisory Group increased their target price on shares of ThredUp from $2.00 to $3.00 and gave the company 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 report on Friday, February 14th.

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.