Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 35,098 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 35,098 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $2.69, for a total value of $94,413.62. Following the transaction, the director now owns 250,956 shares in the company, valued at $675,071.64. This trade represents a 12.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total value of $904,342.74.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The shares were sold at an average price of $2.51, for a total value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total value of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value of $49,212.50.
• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The stock was sold at an average price of $2.61, for a total value of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were sold at an average price of $2.30, for a total value of $1,103,680.30.
• 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 shares were sold at an average price of $2.19, for a total value 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.

ThredUp Price Performance

TDUP traded down $0.16 during trading on Wednesday, reaching $2.81. 798,355 shares of the stock were exchanged, compared to its average volume of 1,266,583. The business’s 50 day moving average price is $1.92 and its two-hundred day moving average price is $1.29. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The company has a market capitalization of $319.67 million, a price-to-earnings ratio of -4.39 and a beta of 1.75. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99.

Institutional Trading of ThredUp

A number of institutional investors have recently bought and sold shares of TDUP. Marshall Wace LLP boosted its position in ThredUp by 134.5% during the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock worth $2,114,000 after purchasing an additional 872,357 shares in the last quarter. BloombergSen Inc. raised its holdings in shares of ThredUp by 278.9% in the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock worth $889,000 after acquiring an additional 470,768 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of ThredUp by 75.2% in the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company’s stock worth $1,360,000 after acquiring an additional 420,012 shares during the last quarter. Needham Investment Management LLC raised its holdings 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 worth $5,220,000 after acquiring an additional 415,000 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of ThredUp in the fourth quarter worth $521,000. 89.08% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on TDUP shares. Telsey Advisory Group lifted their price target 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 restated a “hold” rating on shares of ThredUp in a research note on Friday, February 14th.

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.