Patricia Nakache Sells 167,031 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 167,031 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $2.26, for a total value of $377,490.06. Following the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $567,160.56. This represents a 39.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 shares were sold at an average price of $1.95, for a total transaction 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 stock was sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total value 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 transaction of $354.00.

ThredUp Stock Performance

NASDAQ:TDUP opened at $2.12 on Friday. 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 company has a market capitalization of $241.17 million, a P/E ratio of -3.31 and a beta of 1.66. The firm has a 50-day moving average price of $1.58 and a two-hundred day moving average price of $1.23. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.45.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a report on Tuesday, January 14th. Telsey Advisory Group upped their price target on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Blair William & Co. IL lifted its stake in ThredUp by 285.0% in the 2nd quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock valued at $1,550,000 after buying an additional 674,852 shares in the last quarter. Needham Investment Management LLC lifted its position in shares of ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after acquiring an additional 415,000 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of ThredUp by 37.4% during the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock valued at $1,312,000 after acquiring an additional 209,792 shares during the last quarter. Squarepoint Ops LLC increased its position in ThredUp by 72.6% during the 2nd quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock worth $684,000 after purchasing an additional 169,196 shares in the last quarter. Finally, Privium Fund Management B.V. raised its stake in ThredUp by 76.3% in the 3rd quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after purchasing an additional 165,935 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.