Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 119,221 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 119,221 shares of ThredUp stock in a transaction on Friday, July 12th. The stock was sold at an average price of $1.78, for a total transaction of $212,213.38. Following the sale, the director now directly owns 240,438 shares of the company’s stock, valued at $427,979.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Wednesday, July 10th, Patricia Nakache sold 400 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $708.00.
• On Thursday, May 30th, Patricia Nakache sold 29,363 shares of ThredUp stock. The stock was sold at an average price of $2.08, for a total transaction of $61,075.04.
• On Tuesday, May 28th, Patricia Nakache sold 22,967 shares of ThredUp stock. The shares were sold at an average price of $2.11, for a total transaction of $48,460.37.
• On Monday, May 13th, Patricia Nakache sold 75,217 shares of ThredUp stock. The shares were sold at an average price of $2.06, for a total transaction of $154,947.02.
• On Friday, May 10th, Patricia Nakache sold 149,327 shares of ThredUp stock. The shares were sold at an average price of $2.05, for a total transaction of $306,120.35.
• On Monday, May 6th, Patricia Nakache sold 109,934 shares of ThredUp stock. The shares were sold at an average price of $1.91, for a total transaction of $209,973.94.
• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The shares were sold at an average price of $1.80, for a total transaction of $540.00.

ThredUp Price Performance

NASDAQ TDUP remained flat at $1.77 during trading hours on Friday. 393,647 shares of the company traded hands, compared to its average volume of 518,379. The company has a market cap of $195.15 million, a P/E ratio of -2.77 and a beta of 0.78. ThredUp Inc. has a 52-week low of $1.52 and a 52-week high of $4.39. The stock has a 50-day moving average of $1.86 and a 200-day moving average of $1.93. The company has a current ratio of 1.13, a quick ratio of 0.98 and a debt-to-equity ratio of 0.22.

ThredUp (NASDAQ:TDUP) last posted its quarterly earnings results on Monday, May 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.01). ThredUp had a negative return on equity of 63.62% and a negative net margin of 20.88%. The firm had revenue of $79.59 million for the quarter, compared to analysts’ expectations of $80.28 million. On average, equities research analysts expect that ThredUp Inc. will post -0.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wedbush reduced their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price on shares of ThredUp in a report on Tuesday, May 7th. Finally, Telsey Advisory Group reduced their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TDUP. SG Americas Securities LLC grew its position in ThredUp by 29.4% during the fourth quarter. SG Americas Securities LLC now owns 35,211 shares of the company’s stock worth $79,000 after buying an additional 7,997 shares during the period. Mackenzie Financial Corp acquired a new position in ThredUp during the fourth quarter worth about $35,000. Ieq Capital LLC grew its position in ThredUp by 35.7% during the fourth quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock worth $122,000 after buying an additional 14,326 shares during the period. Dynamic Technology Lab Private Ltd grew its position in ThredUp by 746.0% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 87,792 shares of the company’s stock worth $198,000 after buying an additional 77,415 shares during the period. Finally, Capital World Investors grew its position in shares of ThredUp by 6.4% in the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock valued at $19,305,000 after purchasing an additional 516,000 shares during the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

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.