Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells $76,207.62 in Stock

Posted by Hanz Christensen on Feb 3rd, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 34,798 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $2.19, for a total transaction of $76,207.62. Following the completion of the transaction, the director now owns 250,956 shares in the company, valued at $549,593.64. The trade was a 12.18 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The shares were sold at an average price of $2.22, for a total transaction of $304,308.72.
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 shares were sold at an average price of $2.26, for a total value of $377,490.06.
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 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 value of $1,219,721.10.
On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction 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 transaction of $8,142.00.
On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were 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 value of $354.00.

ThredUp Stock Performance

Shares of TDUP stock opened at $2.19 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The stock has a market capitalization of $249.13 million, a price-to-earnings ratio of -3.42 and a beta of 1.66. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.45. The company’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.24.

Wall Street Analyst Weigh In

TDUP has been the subject of a number of recent analyst reports. Telsey Advisory Group raised their price objective on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th.

Check Out Our Latest Analysis on TDUP

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted its stake in ThredUp by 26.0% during the second quarter. Renaissance Technologies LLC now owns 444,412 shares of the company’s stock worth $756,000 after purchasing an additional 91,708 shares during the last quarter. Sei Investments Co. bought a new position in shares of ThredUp in the 2nd quarter worth about $37,000. Marshall Wace LLP boosted its holdings in shares of ThredUp by 37.4% in the 2nd quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock valued at $1,312,000 after buying an additional 209,792 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of ThredUp during the 2nd quarter valued at about $43,000. Finally, Squarepoint Ops LLC grew its position in shares of ThredUp by 72.6% during the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock valued at $684,000 after buying an additional 169,196 shares during the last quarter. Institutional investors own 89.08% of the company’s stock.

ThredUp Company Profile

(Get Free Report)

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.