ThredUp Inc. (NASDAQ:TDUP - Get Free Report) CFO Sean Sobers sold 50,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $10.04, for a total value of $502,000.00. Following the completion of the sale, the chief financial officer owned 427,390 shares of the company's stock, valued at $4,290,995.60. The trade was a 10.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.
Sean Sobers also recently made the following trade(s):
- On Wednesday, August 6th, Sean Sobers sold 100,000 shares of ThredUp stock. The stock was sold at an average price of $10.04, for a total value of $1,004,000.00.
ThredUp Stock Up 0.6%
TDUP traded up $0.07 on Wednesday, hitting $10.36. The company had a trading volume of 321,613 shares, compared to its average volume of 1,892,562. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -21.04 and a beta of 1.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a fifty day moving average price of $8.03 and a 200-day moving average price of $5.25. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $11.00.
Institutional Trading of ThredUp
A number of institutional investors have recently modified their holdings of TDUP. JPMorgan Chase & Co. raised its stake in shares of ThredUp by 450.6% during the 4th quarter. JPMorgan Chase & Co. now owns 201,755 shares of the company's stock worth $280,000 after acquiring an additional 165,115 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of ThredUp during the fourth quarter worth $521,000. O Shaughnessy Asset Management LLC acquired a new position in shares of ThredUp during the fourth quarter worth $64,000. Geode Capital Management LLC lifted its holdings in shares of ThredUp by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company's stock valued at $2,663,000 after purchasing an additional 26,326 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position 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 in the last quarter. 89.08% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on TDUP. Telsey Advisory Group upped their target price on ThredUp from $9.00 to $12.00 and gave the stock an "outperform" rating in a report on Tuesday, August 5th. Northland Securities set a $14.00 price objective on shares of ThredUp in a research note on Tuesday, August 5th. Wall Street Zen raised shares of ThredUp from a "hold" rating to a "buy" rating in a research report on Saturday, June 7th. Northland Capmk raised shares of ThredUp to a "strong-buy" rating in a research report on Monday, July 21st. Finally, Wells Fargo & Company increased their price objective on shares of ThredUp from $10.00 to $13.00 and gave the company an "overweight" rating in a research note on Tuesday, August 5th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, ThredUp currently has an average rating of "Buy" and a consensus price target of $13.00.
View Our Latest Stock Report on ThredUp
ThredUp Company Profile
(
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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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