ThredUp Inc. (NASDAQ:TDUP) Director Sells $1,098,055.71 in Stock

Posted by Tech Dows on Feb 6th, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 420,711 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $2.61, for a total transaction of $1,098,055.71. Following the completion of the sale, the director now directly owns 250,956 shares of the company’s stock, valued at approximately $654,995.16. This represents a 62.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

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

On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were 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 stock was 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 shares were 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 transaction 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 stock was 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 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 transaction of $97,545.78.

ThredUp Price Performance

Shares of NASDAQ:TDUP traded up $0.09 during mid-day trading on Wednesday, reaching $2.63. The stock had a trading volume of 1,379,469 shares, compared to its average volume of 1,461,173. The company has a market cap of $299.19 million, a P/E ratio of -4.11 and a beta of 1.75. The business’s 50 day moving average price is $1.73 and its 200 day moving average price is $1.24. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.68.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Sei Investments Co. purchased a new stake in ThredUp during the second quarter valued at $37,000. Cubist Systematic Strategies LLC bought a new stake in shares of ThredUp in the 2nd quarter worth about $43,000. SG Americas Securities LLC raised its position 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 valued at $29,000 after buying an additional 15,850 shares in the last quarter. Barclays PLC lifted its holdings in shares of ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares during the last quarter. Finally, Simplicity Wealth LLC purchased a new position in ThredUp in the third quarter worth about $97,000. 89.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TDUP has been the subject of several research analyst reports. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th. Telsey Advisory Group increased 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.

View Our Latest Stock Analysis on TDUP

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.