Peak6 LLC Acquires Shares of 164,107 ThredUp Inc. (NASDAQ:TDUP)

PEAK6 LLC purchased a new position in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 164,107 shares of the company's stock, valued at approximately $228,000. PEAK6 LLC owned about 0.14% of ThredUp at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Virtu Financial LLC purchased a new stake in ThredUp during the fourth quarter valued at $33,000. O Shaughnessy Asset Management LLC purchased a new stake in shares of ThredUp during the 4th quarter valued at about $64,000. Wells Fargo & Company MN lifted its stake in shares of ThredUp by 32.1% in the 4th quarter. Wells Fargo & Company MN now owns 57,426 shares of the company's stock worth $80,000 after purchasing an additional 13,941 shares during the period. Barclays PLC boosted its holdings in shares of ThredUp by 278.7% in the third quarter. Barclays PLC now owns 104,018 shares of the company's stock worth $87,000 after buying an additional 76,553 shares during the last quarter. Finally, XTX Topco Ltd purchased a new stake in shares of ThredUp in the 4th quarter worth $105,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a research 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 research note on Tuesday, March 4th.

Insiders Place Their Bets

In other news, Director Patricia Nakache sold 137,076 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $2.22, for a total value of $304,308.72. Following the sale, the director now directly owns 250,956 shares in the company, valued at approximately $557,122.32. This represents a 35.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 2,409,618 shares of company stock valued at $6,624,413 over the last three months. 27.00% of the stock is owned by company insiders.

ThredUp Trading Up 1.9 %

Shares of NASDAQ:TDUP traded up $0.08 during trading on Friday, hitting $4.20. The company had a trading volume of 1,544,483 shares, compared to its average volume of 839,087. The stock has a market cap of $488.02 million, a price-to-earnings ratio of -6.56 and a beta of 1.64. 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 company has a fifty day simple moving average of $2.80 and a two-hundred day simple moving average of $1.97. ThredUp Inc. has a one year low of $0.50 and a one year high of $4.28.

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.