Patricia Nakache Sells 91,070 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 91,070 shares of the stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $2.48, for a total transaction of $225,853.60. Following the transaction, the director now owns 250,956 shares in the company, valued at approximately $622,370.88. This trade represents a 26.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, March 18th, Patricia Nakache sold 49,007 shares of ThredUp stock. The shares were sold at an average price of $2.24, for a total transaction of $109,775.68.
• On Thursday, February 20th, Patricia Nakache sold 60,274 shares of ThredUp stock. The shares were sold at an average price of $2.71, for a total transaction of $163,342.54.
• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total transaction of $904,342.74.
• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The shares were sold at an average price of $2.69, for a total transaction of $94,413.62.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction of $49,212.50.
• On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The stock was 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 stock was sold at an average price of $2.22, for a total transaction of $304,308.72.

ThredUp Stock Performance

Shares of NASDAQ TDUP opened at $2.56 on Friday. The firm has a fifty day moving average price of $2.37 and a 200-day moving average price of $1.54. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The stock has a market cap of $297.46 million, a PE ratio of -4.00 and a beta of 1.73. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.99.

Analyst Ratings Changes

Several research firms have weighed in on TDUP. Telsey Advisory Group reiterated an “outperform” rating and issued a $3.00 price target on shares of ThredUp in a research report on Tuesday, March 4th. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research report on Tuesday, March 4th.

Hedge Funds Weigh In On ThredUp

Institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC grew its stake in ThredUp by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock valued at $31,000 after acquiring an additional 7,287 shares in the last quarter. Virtu Financial LLC purchased a new position in ThredUp during the fourth quarter valued at $33,000. Cubist Systematic Strategies LLC purchased a new position in ThredUp during the fourth quarter valued at $48,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in ThredUp by 9.4% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock valued at $63,000 after acquiring an additional 3,908 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new position in ThredUp during the fourth quarter valued at $64,000. 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.