ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 625,498 Shares

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 625,498 shares of the company's stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at approximately $489,364.20. This trade represents a 71.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 value of $441,461.62.
• 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 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 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 transaction of $354.00.

ThredUp Stock Performance

Shares of NASDAQ:TDUP traded down $0.09 on Thursday, hitting $2.17. The company's stock had a trading volume of 1,674,960 shares, compared to its average volume of 2,116,126. The company has a market capitalization of $246.86 million, a price-to-earnings ratio of -3.39 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.42. The stock's 50-day moving average is $1.43 and its two-hundred day moving average is $1.20.

Hedge Funds Weigh In On ThredUp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Needham Investment Management LLC lifted its stake 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 acquiring an additional 415,000 shares during the period. Geode Capital Management LLC lifted its position in 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 purchasing an additional 74,334 shares during the period. State Street Corp lifted its position in ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company's stock worth $1,215,000 after purchasing an additional 12,984 shares during the period. Blair William & Co. IL boosted its stake in ThredUp by 285.0% during the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company's stock valued at $1,550,000 after purchasing an additional 674,852 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of ThredUp by 37.4% during the 2nd quarter. Marshall Wace LLP now owns 771,483 shares of the company's stock valued at $1,312,000 after purchasing an additional 209,792 shares during the period. Institutional investors own 89.08% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on TDUP. Telsey Advisory Group lifted their price target on shares of ThredUp from $2.00 to $3.00 and gave the company an "outperform" rating in a report on Wednesday. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research note on Tuesday.

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.

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