Blair William & Co. IL Sells 324,680 Shares of ThredUp Inc. $TDUP

Blair William & Co. IL decreased its holdings in shares of ThredUp Inc. (NASDAQ:TDUP) by 10.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,645,045 shares of the company’s stock after selling 324,680 shares during the period. Blair William & Co. IL owned approximately 2.24% of ThredUp worth $19,811,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in TDUP. Bank of America Corp DE boosted its stake in ThredUp by 42.6% during the fourth quarter. Bank of America Corp DE now owns 77,456 shares of the company’s stock valued at $108,000 after buying an additional 23,156 shares during the period. Millennium Management LLC bought a new stake in ThredUp during the fourth quarter valued at $113,000. Two Sigma Investments LP boosted its stake in ThredUp by 150.1% during the fourth quarter. Two Sigma Investments LP now owns 114,632 shares of the company’s stock valued at $159,000 after buying an additional 68,790 shares during the period. Simplicity Wealth LLC bought a new stake in ThredUp during the first quarter valued at $156,000. Finally, Bank of New York Mellon Corp boosted its stake in ThredUp by 5.2% during the first quarter. Bank of New York Mellon Corp now owns 188,338 shares of the company’s stock valued at $454,000 after buying an additional 9,254 shares during the period. Institutional investors own 89.08% of the company’s stock.

Insider Activity

In other news, Director Coretha M. Rushing sold 105,000 shares of ThredUp stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $10.82, for a total value of $1,136,100.00. Following the transaction, the director owned 148,197 shares in the company, valued at approximately $1,603,491.54. The trade was a 41.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Sean Sobers sold 100,000 shares of ThredUp stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $10.04, for a total value of $1,004,000.00. Following the completion of the transaction, the chief financial officer owned 477,390 shares in the company, valued at approximately $4,792,995.60. This represents a 17.32% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,000 shares of company stock worth $2,642,100. Company insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TDUP shares. Wells Fargo & Company lifted their price target on ThredUp from $10.00 to $13.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 5th. Telsey Advisory Group lifted their price target on ThredUp from $9.00 to $12.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of ThredUp in a research note on Wednesday. Northland Capmk raised ThredUp to a “strong-buy” rating in a research note on Monday, July 21st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $13.00.

ThredUp Stock Down 5.8%

TDUP opened at $8.63 on Friday. The company has a market cap of $1.06 billion, a P/E ratio of -17.61 and a beta of 1.71. The business’s 50-day moving average price is $10.29 and its 200-day moving average price is $7.56. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $12.28.

ThredUp Company Profile

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.