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

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 8,376 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $2.50, for a total transaction of $20,940.00. Following the completion of the sale, the director now owns 250,956 shares of the company’s stock, valued at approximately $627,390. This trade represents a 3.23 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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 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 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 stock was 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 stock was 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 transaction 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 transaction of $377,490.06.
• On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The stock was 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 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 stock was sold at an average price of $1.77, for a total transaction of $73,766.52.

ThredUp Stock Up 1.5 %

TDUP opened at $2.63 on Thursday. The company has a 50 day moving average of $1.84 and a 200 day moving average of $1.27. ThredUp Inc. has a 12 month low of $0.50 and a 12 month 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.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp boosted its holdings in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock valued at $1,215,000 after purchasing an additional 12,984 shares during the period. SG Americas Securities LLC boosted its holdings in ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after purchasing an additional 15,850 shares during the period. Sei Investments Co. bought a new position in ThredUp in the 2nd quarter valued at $37,000. Virtu Financial LLC bought a new position in ThredUp in the 4th quarter valued at $33,000. Finally, Cubist Systematic Strategies LLC bought a new position in ThredUp in the 2nd quarter valued at $43,000. 89.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on TDUP. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday, January 14th. Telsey Advisory Group raised their price objective on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th.

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.