ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 60,274 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 60,274 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $2.71, for a total value of $163,342.54. Following the transaction, the director now owns 250,956 shares in the company, valued at $680,090.76. The trade was a 19.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The stock was sold at an average price of $2.87, for a total value of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total value 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 shares were 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 transaction of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The stock was 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 stock was sold at an average price of $2.10, for a total value of $226,613.10.

ThredUp Price Performance

TDUP stock traded down $0.04 during trading on Friday, hitting $2.36. The stock had a trading volume of 620,440 shares, compared to its average volume of 1,130,519. The stock has a market cap of $268.47 million, a price-to-earnings ratio of -3.69 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 company's 50 day moving average price is $2.07 and its two-hundred day moving average price is $1.36. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.99.

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Hedge Funds Weigh In On ThredUp

A number of institutional investors have recently modified their holdings of the company. Two Sigma Investments LP boosted its position in ThredUp by 150.1% during the fourth quarter. Two Sigma Investments LP now owns 114,632 shares of the company's stock worth $159,000 after acquiring an additional 68,790 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in shares of ThredUp by 572.8% during the fourth quarter. Two Sigma Advisers LP now owns 109,000 shares of the company's stock worth $152,000 after purchasing an additional 92,800 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company's stock worth $31,000 after purchasing an additional 7,287 shares during the last quarter. Needham Investment Management LLC grew its position in shares of ThredUp by 2.7% in the fourth quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock valued at $8,851,000 after purchasing an additional 167,500 shares during the period. Finally, Millennium Management LLC acquired a new position in ThredUp in the fourth quarter valued at $113,000. Institutional investors and hedge funds own 89.08% of the company's stock.

Wall Street Analysts Forecast Growth

TDUP has been the subject of a number of research reports. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research report on Friday, February 14th. Telsey Advisory Group restated an "outperform" rating and set a $3.00 price objective on shares of ThredUp in a research report on Monday.

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.