Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $706,635.44 in Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 212,842 shares of the stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $3.32, for a total value of $706,635.44. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at approximately $833,173.92. This trade represents a 45.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Thursday, April 17th, Patricia Nakache sold 187,179 shares of ThredUp stock. The shares were sold at an average price of $3.30, for a total transaction of $617,690.70.
• On Tuesday, April 15th, Patricia Nakache sold 271,762 shares of ThredUp stock. The stock was sold at an average price of $3.43, for a total transaction of $932,143.66.
• On Thursday, March 20th, Patricia Nakache sold 91,070 shares of ThredUp stock. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60.
• 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 transaction 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 value 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 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.

ThredUp Stock Up 1.9 %

TDUP opened at $4.20 on Friday. The company has a fifty day moving average of $2.80 and a two-hundred day moving average of $1.96. The stock has a market capitalization of $488.02 million, a price-to-earnings ratio of -6.56 and a beta of 1.64. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $4.28. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Analysts Set New Price Targets

Several research firms have commented on TDUP. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a report on Tuesday, March 4th. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday, March 4th.

Hedge Funds Weigh In On ThredUp

Several institutional investors and hedge funds have recently modified their holdings of TDUP. Needham Investment Management LLC grew its holdings in 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. FIL Ltd lifted its position in shares of ThredUp by 0.8% during the 4th 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 in the last quarter. Geode Capital Management LLC grew its stake in ThredUp by 1.4% in 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 increased its holdings in 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 acquiring an additional 872,357 shares in 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 worth $1,215,000 after acquiring an additional 12,984 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.

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.