ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 86,777 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 86,777 shares of the stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $629,899.56. This trade represents a 25.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 shares were 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 stock was sold at an average price of $2.30, for a total transaction 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.
• On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total transaction 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 transaction of $226,613.10.
• On Tuesday, January 21st, Patricia Nakache sold 167,031 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total transaction of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was sold at an average price of $2.26, for a total transaction of $441,461.62.
• On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The stock was sold at an average price of $1.95, for a total transaction of $1,219,721.10.

ThredUp Price Performance

Shares of TDUP opened at $2.66 on Friday. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.75. The firm’s fifty day simple moving average is $1.88 and its 200-day simple moving average is $1.28. The firm has a market capitalization of $302.60 million, a price-to-earnings ratio of -4.16 and a beta of 1.75. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.

Institutional Investors Weigh In On ThredUp

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of ThredUp in the 4th quarter valued at $33,000. Cubist Systematic Strategies LLC acquired a new stake in shares of ThredUp in the 2nd quarter valued at $43,000. SG Americas Securities LLC raised its holdings in shares of ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after purchasing an additional 15,850 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of ThredUp in the 4th quarter valued at $64,000. Finally, Wells Fargo & Company MN raised its holdings in shares of ThredUp by 32.1% in the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock valued at $80,000 after purchasing an additional 13,941 shares in 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 issued reports on TDUP shares. Telsey Advisory Group increased their target price on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a report on Friday.

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.