Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 63,543 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 63,543 shares of ThredUp stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $2.05, for a total transaction of $130,263.15. Following the sale, the director now owns 240,438 shares of the company’s stock, valued at approximately $492,897.90. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, July 15th, Patricia Nakache sold 66,996 shares of ThredUp stock. The stock was sold at an average price of $1.79, for a total transaction of $119,922.84.
• On Friday, July 12th, Patricia Nakache sold 119,221 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total transaction of $212,213.38.
• On Wednesday, July 10th, Patricia Nakache sold 400 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $708.00.
• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The stock was sold at an average price of $2.08, for a total transaction of $61,075.04.
• On Tuesday, May 28th, Patricia Nakache sold 22,967 shares of ThredUp stock. The stock was sold at an average price of $2.11, for a total transaction of $48,460.37.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The stock was sold at an average price of $2.06, for a total transaction of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The stock was sold at an average price of $2.05, for a total transaction of $306,120.35.
• On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The stock was sold at an average price of $1.91, for a total transaction of $209,973.94.
• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The stock was sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Trading Down 0.5 %

Shares of TDUP opened at $1.97 on Thursday. The firm’s 50 day moving average price is $1.86 and its two-hundred day moving average price is $1.91. The company has a quick ratio of 0.98, a current ratio of 1.13 and a debt-to-equity ratio of 0.22. ThredUp Inc. has a twelve month low of $1.52 and a twelve month high of $4.39.

ThredUp (NASDAQ:TDUP) last announced its quarterly earnings data on Monday, May 6th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.01). The business had revenue of $79.59 million during the quarter, compared to the consensus estimate of $80.28 million. ThredUp had a negative return on equity of 63.62% and a negative net margin of 20.88%. As a group, research analysts forecast that ThredUp Inc. will post -0.4 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on TDUP. Telsey Advisory Group cut their price target on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 price target on shares of ThredUp in a research note on Tuesday, May 7th. Finally, Wedbush cut their price target on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, ThredUp currently has a consensus rating of “Moderate Buy” and a consensus target price of $3.33.

Institutional Trading of ThredUp

A number of institutional investors have recently made changes to their positions in the business. Diversified Trust Co lifted its position in shares of ThredUp by 117.3% in the second quarter. Diversified Trust Co now owns 28,111 shares of the company’s stock worth $48,000 after purchasing an additional 15,175 shares in the last quarter. Bares Capital Management Inc. lifted its position in shares of ThredUp by 11.4% in the first quarter. Bares Capital Management Inc. now owns 3,548,800 shares of the company’s stock worth $7,098,000 after purchasing an additional 362,221 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in ThredUp by 33.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company’s stock worth $45,000 after buying an additional 5,635 shares during the last quarter. PEAK6 Investments LLC acquired a new position in ThredUp during the first quarter worth $328,000. Finally, Capital World Investors increased its holdings in ThredUp by 1.5% during the first quarter. Capital World Investors now owns 8,707,600 shares of the company’s stock worth $17,415,000 after buying an additional 127,600 shares during the last quarter. 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.