Patricia Nakache Sells 91,070 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 91,070 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $2.48, for a total transaction of $225,853.60. Following the sale, the director now directly owns 250,956 shares in the company, valued at $622,370.88. This trade represents a 26.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The shares were sold at an average price of $2.24, for a total value of $109,775.68.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The stock was sold at an average price of $2.71, for a total value of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total transaction of $904,342.74.
• 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 shares were 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 stock was 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 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 stock was sold at an average price of $2.22, for a total transaction of $304,308.72.

ThredUp Price Performance

Shares of NASDAQ:TDUP traded up $0.25 during trading on Monday, reaching $2.81. The company had a trading volume of 828,485 shares, compared to its average volume of 775,042. The company has a fifty day moving average of $2.37 and a two-hundred day moving average of $1.55. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.99. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $326.51 million, a P/E ratio of -4.39 and a beta of 1.73.

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Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TDUP. Needham Investment Management LLC boosted its stake in shares of ThredUp by 2.7% during the 4th quarter. Needham Investment Management LLC now owns 6,367,500 shares of the company's stock worth $8,851,000 after purchasing an additional 167,500 shares during the period. FIL Ltd grew its holdings in shares of ThredUp by 0.8% during the fourth quarter. FIL Ltd now owns 3,400,000 shares of the company's stock valued at $4,726,000 after buying an additional 27,000 shares during the last quarter. Geode Capital Management LLC lifted its stake in ThredUp by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after acquiring an additional 26,326 shares during the period. Marshall Wace LLP boosted its holdings in ThredUp by 134.5% in the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company's stock valued at $2,114,000 after purchasing an additional 872,357 shares during the last quarter. Finally, State Street Corp raised its position in ThredUp by 0.9% during the third quarter. State Street Corp now owns 1,443,177 shares of the company's stock valued at $1,215,000 after acquiring an additional 12,984 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on TDUP shares. Needham & Company LLC reaffirmed a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $3.00 target price on shares of ThredUp in a report on Tuesday, March 4th.

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.