ThredUp Inc. (NASDAQ:TDUP - Get Free Report) Director Patricia Nakache sold 54,801 shares of the firm's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78. Following the sale, the director now directly owns 247 shares in the company, valued at $439.66. This represents a 99.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Patricia Nakache also recently made the following trade(s):
- On Friday, November 29th, Patricia Nakache sold 200 shares of ThredUp stock. The stock was sold at an average price of $1.77, for a total transaction of $354.00.
ThredUp Stock Performance
Shares of TDUP stock opened at $1.73 on Wednesday. The firm has a market cap of $196.80 million, a P/E ratio of -2.70 and a beta of 1.62. ThredUp Inc. has a 1-year low of $0.50 and a 1-year high of $2.60. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.96 and a quick ratio of 0.86. The firm's 50-day simple moving average is $0.95 and its 200-day simple moving average is $1.28.
Institutional Inflows and Outflows
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Several large investors have recently modified their holdings of TDUP. Price T Rowe Associates Inc. MD raised its holdings in ThredUp by 33.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,381 shares of the company's stock valued at $45,000 after buying an additional 5,635 shares during the period. Diversified Trust Co raised its holdings in ThredUp by 117.3% in the second quarter. Diversified Trust Co now owns 28,111 shares of the company's stock valued at $48,000 after buying an additional 15,175 shares during the period. Bank of New York Mellon Corp raised its holdings in ThredUp by 8.2% in the second quarter. Bank of New York Mellon Corp now owns 274,799 shares of the company's stock valued at $467,000 after buying an additional 20,933 shares during the period. BloombergSen Inc. purchased a new position in ThredUp in the second quarter valued at approximately $131,000. Finally, Panagora Asset Management Inc. raised its holdings in ThredUp by 20.4% in the second quarter. Panagora Asset Management Inc. now owns 496,833 shares of the company's stock valued at $845,000 after buying an additional 84,248 shares during the period. 89.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on the stock. Telsey Advisory Group reaffirmed an "outperform" rating and set a $3.00 price target on shares of ThredUp in a research note on Tuesday, October 29th. Wells Fargo & Company decreased their price target on shares of ThredUp from $5.00 to $3.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 6th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $3.40.
Get Our Latest Analysis on TDUP
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.
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