ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 34,798 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 34,798 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $2.19, for a total value of $76,207.62. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $549,593.64. The trade was a 12.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The stock was sold at an average price of $2.22, for a total value of $304,308.72.
• On Thursday, January 23rd, Patricia Nakache sold 107,911 shares of ThredUp stock. The shares were 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 stock was 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 value 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 value 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 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 stock was sold at an average price of $1.77, for a total value of $354.00.

ThredUp Stock Down 0.9 %

TDUP stock traded down $0.02 on Friday, hitting $2.19. 800,128 shares of the company’s stock were exchanged, compared to its average volume of 1,472,536. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The firm has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $1.25. The stock has a market cap of $249.13 million, a P/E ratio of -3.42 and a beta of 1.66. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $2.45.

Hedge Funds Weigh In On ThredUp

Institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in shares of ThredUp by 26.0% during the second quarter. Renaissance Technologies LLC now owns 444,412 shares of the company’s stock valued at $756,000 after acquiring an additional 91,708 shares during the last quarter. Sei Investments Co. acquired a new stake in ThredUp during the second quarter worth $37,000. Marshall Wace LLP increased its stake in 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 last quarter. Cubist Systematic Strategies LLC acquired a new stake in ThredUp during the second quarter worth $43,000. Finally, Squarepoint Ops LLC grew its stake in shares of ThredUp by 72.6% in the second quarter. Squarepoint Ops LLC now owns 402,398 shares of the company’s stock valued at $684,000 after buying an additional 169,196 shares in the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on TDUP. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th. Telsey Advisory Group lifted their target price on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th.

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.