Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 8,376 Shares of Stock

Posted by Liza Goodheart on Feb 11th, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 8,376 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $2.50, for a total transaction of $20,940.00. Following the transaction, the director now directly owns 250,956 shares of the company’s stock, valued at $627,390. This represents a 3.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

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 shares were sold at an average price of $2.61, for a total transaction of $1,098,055.71.
On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The stock was sold at an average price of $2.30, for a total transaction 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 transaction 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 transaction of $76,207.62.
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 shares were 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 stock was 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 transaction of $73,766.52.

ThredUp Price Performance

NASDAQ TDUP opened at $2.49 on Tuesday. The company has a 50-day moving average price of $1.80 and a 200-day moving average price of $1.26. ThredUp Inc. has a 52 week low of $0.50 and a 52 week high of $2.69. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $283.26 million, a P/E ratio of -3.89 and a beta of 1.75.

Wall Street Analysts Forecast Growth

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

View Our Latest Research Report on TDUP

Institutional Trading of ThredUp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its stake in shares of 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 acquiring an additional 15,850 shares during the last quarter. Sei Investments Co. bought a new position in ThredUp in the 2nd quarter worth $37,000. Cubist Systematic Strategies LLC bought a new position in ThredUp in the 2nd quarter worth $43,000. Barclays PLC lifted its position in ThredUp by 278.7% during the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in ThredUp during the third quarter valued at about $97,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

ThredUp Company Profile

(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.