ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 315,102 Shares

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 315,102 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $2.87, for a total value of $904,342.74. Following the sale, the director now directly owns 250,956 shares in the company, valued at $720,243.72. This represents a 55.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, February 14th, Patricia Nakache sold 35,098 shares of ThredUp stock. The stock was sold at an average price of $2.69, for a total value 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 value of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The stock was sold at an average price of $2.50, for a total value 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 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 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 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 shares were 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 shares were sold at an average price of $2.26, for a total transaction of $377,490.06.

ThredUp Stock Performance

NASDAQ:TDUP traded down $0.16 during mid-day trading on Wednesday, reaching $2.81. The stock had a trading volume of 798,355 shares, compared to its average volume of 1,266,583. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. The business has a 50 day simple moving average of $1.92 and a 200 day simple moving average of $1.29. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.99. The firm has a market capitalization of $319.67 million, a price-to-earnings ratio of -4.39 and a beta of 1.75.

Wall Street Analysts Forecast Growth

TDUP has been the subject of a number of recent research reports. Telsey Advisory Group increased their price objective on ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Friday, February 14th.

Institutional Trading of ThredUp

A number of institutional investors have recently modified their holdings of the business. ProShare Advisors LLC raised its position in ThredUp by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 22,150 shares of the company’s stock worth $31,000 after acquiring an additional 7,287 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of ThredUp during the 4th quarter worth $33,000. SG Americas Securities LLC grew its stake 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 worth $29,000 after purchasing an additional 15,850 shares during the period. Cubist Systematic Strategies LLC purchased a new position in shares of ThredUp in the 4th quarter valued at about $48,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of ThredUp by 9.4% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,671 shares of the company’s stock valued at $63,000 after purchasing an additional 3,908 shares during the period. 89.08% of the stock is currently 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.