ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache Sells 479,861 Shares

Posted by Renee Jackson on Feb 6th, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 479,861 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $2.30, for a total transaction of $1,103,680.30. Following the completion of the sale, the director now directly owns 250,956 shares in the company, valued at $577,198.80. This trade represents a 65.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

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 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 value 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 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 transaction 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 transaction of $441,461.62.
On Tuesday, January 14th, Patricia Nakache sold 625,498 shares of ThredUp stock. The shares were 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 shares were 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 stock was 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.

ThredUp Stock Performance

TDUP opened at $2.63 on Thursday. The stock has a fifty day moving average price of $1.76 and a 200 day moving average price of $1.25. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $2.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Report on ThredUp

Institutional Investors Weigh In On ThredUp

Several hedge funds and other institutional investors have recently modified their holdings of TDUP. SG Americas Securities LLC raised its position 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 last quarter. Sei Investments Co. bought a new position in shares of ThredUp in the second quarter valued at about $37,000. Cubist Systematic Strategies LLC acquired a new position in ThredUp during the 2nd quarter worth about $43,000. Barclays PLC lifted its position in ThredUp by 278.7% during the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock worth $87,000 after buying an additional 76,553 shares in the last quarter. Finally, Simplicity Wealth LLC bought a new stake in ThredUp during the 3rd quarter worth about $97,000. Institutional investors and hedge funds own 89.08% of the company’s stock.

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.