Patricia Nakache Sells 195,337 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of ThredUp stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62. Following the completion of the sale, the director now owns 250,956 shares in the company, valued at $567,160.56. The trade was a 43.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 value of $1,219,721.10.
• On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total value 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 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 shares were sold at an average price of $1.77, for a total value of $354.00.

ThredUp Stock Up 4.1 %

TDUP stock opened at $2.26 on Friday. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.45. The business’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.21. 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 firm has a market capitalization of $257.10 million, a PE ratio of -3.53 and a beta of 1.66.

Hedge Funds Weigh In On ThredUp

Several institutional investors and hedge funds have recently modified their holdings of TDUP. Needham Investment Management LLC lifted its stake in shares of ThredUp by 7.2% during the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after buying an additional 415,000 shares during the last quarter. Geode Capital Management LLC grew its stake in ThredUp by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after buying an additional 74,334 shares during the last quarter. State Street Corp raised its holdings in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after acquiring an additional 12,984 shares during the period. Blair William & Co. IL lifted its position in ThredUp by 285.0% during the second quarter. Blair William & Co. IL now owns 911,652 shares of the company’s stock worth $1,550,000 after acquiring an additional 674,852 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of ThredUp by 37.4% during the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after acquiring an additional 209,792 shares during the period. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

TDUP has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research report on Tuesday. Telsey Advisory Group upped their target price on shares of ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday.

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.