ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 34,798 Shares of Stock

Posted by Doug Wharley on Feb 3rd, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 34,798 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $2.19, for a total transaction of $76,207.62. Following the transaction, the director now owns 250,956 shares of the company’s stock, valued at $549,593.64. This represents a 12.18 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

On Friday, January 31st, Patricia Nakache sold 137,076 shares of ThredUp stock. The shares were sold at an average price of $2.22, for a total transaction of $304,308.72.
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 stock was sold at an average price of $2.26, for a total value of $377,490.06.
On Thursday, January 16th, Patricia Nakache sold 195,337 shares of ThredUp stock. The shares were sold at an average price of $2.26, for a total value 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 value of $1,219,721.10.
On Monday, December 9th, Patricia Nakache sold 41,676 shares of ThredUp stock. The shares were sold at an average price of $1.77, for a total transaction 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 transaction 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 transaction 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 transaction of $354.00.

ThredUp Price Performance

NASDAQ TDUP opened at $2.19 on Monday. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.45. The business’s fifty day moving average is $1.70 and its two-hundred day moving average is $1.24. The stock has a market capitalization of $249.13 million, a P/E ratio of -3.42 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Telsey Advisory Group increased their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a research note on Tuesday, January 14th.

Get Our Latest Stock Report on TDUP

Institutional Investors Weigh In On ThredUp

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after purchasing an additional 76,553 shares during the period. Geode Capital Management LLC boosted its holdings in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after buying an additional 74,334 shares during the period. State Street Corp boosted its holdings in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after buying an additional 12,984 shares during the period. Needham Investment Management LLC raised its holdings in shares of ThredUp by 7.2% during the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after acquiring an additional 415,000 shares during the period. Finally, Privium Fund Management B.V. raised its holdings in shares of ThredUp by 76.3% during the third quarter. Privium Fund Management B.V. now owns 383,500 shares of the company’s stock valued at $323,000 after acquiring an additional 165,935 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

ThredUp Company Profile

(Get Free Report)

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.