Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 86,777 Shares of Stock

Posted by Renee Jackson on Feb 14th, 2025

ThredUp Inc. (NASDAQ:TDUP – Get Free Report) Director Patricia Nakache sold 86,777 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $2.51, for a total value of $217,810.27. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at $629,899.56. This trade represents a 25.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

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 stock was sold at an average price of $2.50, for a total value of $49,212.50.
On Wednesday, February 5th, Patricia Nakache sold 420,711 shares of ThredUp stock. The shares were sold at an average price of $2.61, for a total value of $1,098,055.71.
On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The stock was 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 shares were 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 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 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.

ThredUp Stock Up 1.5 %

Shares of TDUP stock opened at $2.67 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 0.28. The business’s 50 day moving average is $1.86 and its two-hundred day moving average is $1.28. ThredUp Inc. has a twelve month low of $0.50 and a twelve month high of $2.70.

Analysts Set New Price Targets

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

Get Our Latest Research Report on TDUP

Institutional Investors Weigh In On ThredUp

Several hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its stake 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 buying an additional 15,850 shares during the period. Virtu Financial LLC purchased a new stake in shares of ThredUp in the fourth quarter valued at about $33,000. Cubist Systematic Strategies LLC acquired a new position in shares of ThredUp during the second quarter worth about $43,000. O Shaughnessy Asset Management LLC purchased a new position in ThredUp during the fourth quarter worth about $64,000. Finally, Wells Fargo & Company MN lifted its position in ThredUp by 32.1% in the fourth quarter. Wells Fargo & Company MN now owns 57,426 shares of the company’s stock valued at $80,000 after purchasing an additional 13,941 shares during the period. 89.08% of the stock is owned by institutional investors and hedge funds.

About ThredUp

(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.