Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 35,098 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 35,098 shares of the firm’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $2.69, for a total transaction of $94,413.62. Following the sale, the director now owns 250,956 shares in the company, valued at approximately $675,071.64. This represents a 12.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, February 18th, Patricia Nakache sold 315,102 shares of ThredUp stock. The shares were sold at an average price of $2.87, for a total transaction of $904,342.74.
• On Wednesday, February 12th, Patricia Nakache sold 86,777 shares of ThredUp stock. The shares were sold at an average price of $2.51, for a total transaction of $217,810.27.
• On Monday, February 10th, Patricia Nakache sold 8,376 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction of $20,940.00.
• On Friday, February 7th, Patricia Nakache sold 19,685 shares of ThredUp stock. The shares were sold at an average price of $2.50, for a total transaction 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 transaction of $1,098,055.71.
• On Monday, February 3rd, Patricia Nakache sold 479,861 shares of ThredUp stock. The shares were 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 stock was 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.

ThredUp Stock Down 1.1 %

Shares of TDUP stock opened at $2.78 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. The firm’s 50-day moving average is $1.96 and its two-hundred day moving average is $1.31. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $2.99.

Hedge Funds Weigh In On ThredUp

A number of institutional investors have recently bought and sold shares of TDUP. Marshall Wace LLP raised its stake in ThredUp by 134.5% during the fourth quarter. Marshall Wace LLP now owns 1,521,138 shares of the company’s stock worth $2,114,000 after purchasing an additional 872,357 shares during the period. BloombergSen Inc. raised its stake in ThredUp by 278.9% during the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock worth $889,000 after purchasing an additional 470,768 shares during the period. Renaissance Technologies LLC raised its stake in ThredUp by 75.2% during the fourth quarter. Renaissance Technologies LLC now owns 978,745 shares of the company’s stock worth $1,360,000 after purchasing an additional 420,012 shares during the period. Needham Investment Management LLC raised its stake in ThredUp by 7.2% during the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after purchasing an additional 415,000 shares during the period. Finally, Arrowstreet Capital Limited Partnership purchased a new position in ThredUp during the fourth quarter worth about $521,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

TDUP has been the topic of several research reports. Telsey Advisory Group raised 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. Needham & Company LLC reissued a “hold” rating on shares of ThredUp in a research note on Friday, February 14th.

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.