ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 195,337 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 195,337 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62. Following the sale, the director now directly owns 250,956 shares in the company, valued at $567,160.56. This trade represents a 43.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 transaction 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.
• On Wednesday, December 4th, Patricia Nakache sold 4,600 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The shares were 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 4.0 %

TDUP stock opened at $2.17 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.42. The stock’s fifty day moving average price is $1.43 and its 200-day moving average price is $1.20.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on TDUP shares. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a report on Tuesday. Telsey Advisory Group raised their price target on shares of ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TDUP. Rhumbline Advisers increased its position in shares of ThredUp by 6.5% during the 2nd quarter. Rhumbline Advisers now owns 105,057 shares of the company’s stock valued at $179,000 after purchasing an additional 6,421 shares during the last quarter. State Street Corp boosted its holdings in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after buying an additional 12,984 shares during the last quarter. SG Americas Securities LLC grew its position in ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after buying an additional 15,850 shares during the period. Bank of New York Mellon Corp increased its holdings in ThredUp by 8.2% during the second quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company’s stock valued at $467,000 after buying an additional 20,933 shares during the last quarter. Finally, Sei Investments Co. bought a new position in ThredUp in the second quarter worth approximately $37,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

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.