Insider Selling: ThredUp Inc. (NASDAQ:TDUP) Director Sells 109,934 Shares of Stock

ThredUp Inc. (NASDAQ:TDUP) Director Patricia Nakache sold 109,934 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $1.91, for a total value of $209,973.94. Following the sale, the director now owns 240,438 shares in the company, valued at $459,236.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Friday, May 3rd, Patricia Nakache sold 300 shares of ThredUp stock. The shares were sold at an average price of $1.80, for a total value of $540.00.

ThredUp Stock Performance

Shares of NASDAQ:TDUP traded up $0.09 during trading on Tuesday, hitting $1.95. The company’s stock had a trading volume of 1,683,998 shares, compared to its average volume of 544,766. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.22 and a quick ratio of 1.02. The firm has a market cap of $212.22 million, a price-to-earnings ratio of -2.87 and a beta of 0.71. The company has a 50-day moving average of $1.82 and a 200-day moving average of $2.11. ThredUp Inc. has a 12 month low of $1.52 and a 12 month high of $4.39.

ThredUp (NASDAQ:TDUP) last released its quarterly earnings results on Monday, March 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.01). ThredUp had a negative return on equity of 61.27% and a negative net margin of 22.12%. The business had revenue of $81.39 million during the quarter, compared to the consensus estimate of $80.30 million. During the same quarter in the previous year, the business posted ($0.19) earnings per share. On average, sell-side analysts expect that ThredUp Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of ThredUp

Several hedge funds have recently bought and sold shares of TDUP. Bares Capital Management Inc. grew its stake in shares of ThredUp by 6.2% during the 4th quarter. Bares Capital Management Inc. now owns 3,186,579 shares of the company’s stock valued at $7,170,000 after acquiring an additional 186,579 shares during the period. Tower Research Capital LLC TRC lifted its holdings in ThredUp by 445.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 16,376 shares of the company’s stock valued at $37,000 after purchasing an additional 13,372 shares in the last quarter. Capital World Investors boosted its position in shares of ThredUp by 6.4% in the fourth quarter. Capital World Investors now owns 8,580,000 shares of the company’s stock worth $19,305,000 after purchasing an additional 516,000 shares during the period. Dynamic Technology Lab Private Ltd increased its stake in shares of ThredUp by 746.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 87,792 shares of the company’s stock worth $198,000 after purchasing an additional 77,415 shares in the last quarter. Finally, Ieq Capital LLC raised its position in shares of ThredUp by 35.7% during the 4th quarter. Ieq Capital LLC now owns 54,408 shares of the company’s stock valued at $122,000 after purchasing an additional 14,326 shares during the period. Institutional investors own 89.08% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on TDUP. Telsey Advisory Group decreased their target price on ThredUp from $4.00 to $3.00 and set an “outperform” rating for the company in a research report on Tuesday. The Goldman Sachs Group lowered their price objective on shares of ThredUp from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, January 11th. Wedbush dropped their target price on shares of ThredUp from $4.00 to $3.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price on shares of ThredUp in a research note on Tuesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $3.33.

About ThredUp

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.