ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 479,861 Shares of Stock

Posted by Kyle Jackson on Feb 6th, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 479,861 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $2.30, for a total transaction of $1,103,680.30. Following the sale, the director now owns 250,956 shares in the company, valued at $577,198.80. This trade represents a 65.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The shares were sold at an average price of $2.61, for a total value of $1,098,055.71.
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 value of $304,308.72.
On Wednesday, January 29th, Patricia Nakache sold 34,798 shares of ThredUp stock. The stock was sold at an average price of $2.19, for a total transaction of $76,207.62.
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 value 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 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 stock was 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 stock was 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 value 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.

ThredUp Trading Up 3.5 %

ThredUp stock opened at $2.63 on Thursday. The firm’s 50 day moving average price is $1.76 and its 200-day moving average price is $1.25. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.68.

Analyst Upgrades and Downgrades

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

View Our Latest Report on TDUP

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. State Street Corp boosted 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 valued at $1,215,000 after purchasing an additional 12,984 shares in the last quarter. SG Americas Securities LLC grew its position in ThredUp by 84.8% during the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after purchasing an additional 15,850 shares during the period. Sei Investments Co. purchased a new position in shares of ThredUp during the 2nd quarter valued at approximately $37,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ThredUp during the 2nd quarter worth about $43,000. Finally, Geode Capital Management LLC increased its position in shares of ThredUp by 4.1% in the third 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 in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

About ThredUp

(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.