ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Ian Friedman purchased 6,810 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average cost of $2.20 per share, with a total value of $14,982.00. Following the completion of the acquisition, the director now directly owns 367,558 shares of the company’s stock, valued at $808,627.60. This represents a 1.89 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
ThredUp Price Performance
TDUP stock opened at $2.37 on Tuesday. The company has a market capitalization of $275.38 million, a P/E ratio of -3.70 and a beta of 1.73. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.99. The business has a 50 day simple moving average of $2.29 and a 200-day simple moving average of $1.51. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28.
Institutional Investors Weigh In On ThredUp
Large investors have recently modified their holdings of the stock. ProShare Advisors LLC raised its stake in shares of ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock worth $31,000 after purchasing an additional 7,287 shares during the last quarter. Virtu Financial LLC purchased a new stake in shares of ThredUp during the fourth quarter worth approximately $33,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ThredUp during the fourth quarter worth approximately $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock worth $63,000 after purchasing an additional 3,908 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of ThredUp during the fourth quarter worth approximately $64,000. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Analysts Set New Price Targets
View Our Latest Analysis on TDUP
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.
See Also
- Five stocks we like better than ThredUp
- Ride Out The Recession With These Dividend KingsĀ
- Can TikTok Stock Picks Really Make You Rich?
- How to Plot Fibonacci Price Inflection Levels
- The “Quality” Rotation: Back to Basics Investing
- How to Invest in the FAANG Stocks
- Occidental Petroleum: 4 Reasons to Love These Prices
Receive News & Ratings for ThredUp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ThredUp and related companies with MarketBeat.com's FREE daily email newsletter.