Patricia Nakache Sells 625,498 Shares of ThredUp Inc. (NASDAQ:TDUP) Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 625,498 shares of the business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $1.95, for a total transaction of $1,219,721.10. Following the sale, the director now owns 250,956 shares of the company’s stock, valued at $489,364.20. This trade represents a 71.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

• 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 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 shares were sold at an average price of $1.77, for a total value of $8,142.00.
• On Monday, December 2nd, Patricia Nakache sold 54,801 shares of ThredUp stock. The stock was sold at an average price of $1.78, for a total value of $97,545.78.
• On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total value of $354.00.

ThredUp Stock Up 4.1 %

Shares of TDUP opened at $2.26 on Friday. The business’s 50 day moving average is $1.45 and its 200 day moving average is $1.21. 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 12-month low of $0.50 and a 12-month high of $2.45. The company has a market capitalization of $257.10 million, a PE ratio of -3.53 and a beta of 1.66.

Institutional Investors Weigh In On ThredUp

A number of institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in shares of ThredUp by 84.8% during the third quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock worth $29,000 after acquiring an additional 15,850 shares during the last quarter. Sei Investments Co. purchased a new stake in ThredUp in the 2nd quarter worth $37,000. Cubist Systematic Strategies LLC bought a new position in shares of ThredUp during the 2nd quarter valued at about $43,000. Creekside Partners purchased a new position in shares of ThredUp during the second quarter valued at about $51,000. Finally, Barclays PLC grew its position in shares of ThredUp by 278.7% during the third quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares in the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Telsey Advisory Group lifted their price target on shares of ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a report on Wednesday. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research note on Tuesday.

ThredUp Company Profile

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.