Arrowstreet Capital Limited Partnership Invests $521,000 in ThredUp Inc. (NASDAQ:TDUP)

Arrowstreet Capital Limited Partnership acquired a new stake in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 374,604 shares of the company's stock, valued at approximately $521,000. Arrowstreet Capital Limited Partnership owned 0.33% of ThredUp as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in TDUP. Virtu Financial LLC purchased a new stake in ThredUp during the 4th quarter valued at $33,000. Barclays PLC raised its stake in shares of ThredUp by 278.7% during the third quarter. Barclays PLC now owns 104,018 shares of the company's stock valued at $87,000 after acquiring an additional 76,553 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ThredUp by 450.6% during the fourth quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after purchasing an additional 165,115 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of ThredUp in the fourth quarter worth about $348,000. Finally, State Street Corp increased its holdings in ThredUp by 0.9% during the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company's stock valued at $1,215,000 after purchasing an additional 12,984 shares during the period. Institutional investors own 89.08% of the company's stock.

Insider Buying and Selling

In other news, Director Patricia Nakache sold 107,911 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $2.10, for a total transaction of $226,613.10. Following the sale, the director now owns 250,956 shares in the company, valued at approximately $527,007.60. The trade was a 30.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 2,012,777 shares of company stock valued at $4,972,046 over the last ninety days. Company insiders own 34.42% of the company's stock.

ThredUp Stock Down 1.4 %

Shares of NASDAQ:TDUP traded down $0.05 during trading on Thursday, hitting $3.24. The stock had a trading volume of 170,805 shares, compared to its average volume of 810,532. The company has a market capitalization of $375.89 million, a PE ratio of -5.09 and a beta of 1.64. 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 fifty day moving average is $2.65 and its 200 day moving average is $1.82. ThredUp Inc. has a 12 month low of $0.50 and a 12 month high of $3.54.

Analysts Set New Price Targets

Several research firms have weighed in on TDUP. Needham & Company LLC reiterated a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th. Telsey Advisory Group reiterated an "outperform" rating and issued a $3.00 price target on shares of ThredUp in a report on Tuesday, March 4th.

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.