75,710 Shares in ThredUp Inc. (NASDAQ:TDUP) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of ThredUp Inc. (NASDAQ:TDUP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 75,710 shares of the company's stock, valued at approximately $105,000. XTX Topco Ltd owned about 0.07% of ThredUp at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDUP. BloombergSen Inc. lifted its holdings in ThredUp by 278.9% in the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company's stock valued at $889,000 after acquiring an additional 470,768 shares during the period. Renaissance Technologies LLC grew its holdings in shares of ThredUp by 75.2% in the 4th quarter. Renaissance Technologies LLC now owns 978,745 shares of the company's stock worth $1,360,000 after acquiring an additional 420,012 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in ThredUp during the fourth quarter worth $521,000. Archon Capital Management LLC acquired a new stake in ThredUp in the fourth quarter valued at $461,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ThredUp in the fourth quarter valued at $348,000. 89.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TDUP. Wells Fargo & Company boosted their price target on ThredUp from $3.00 to $6.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Needham & Company LLC reissued a "hold" rating on shares of ThredUp in a research report on Tuesday, March 4th. Finally, Telsey Advisory Group lifted their target price on shares of ThredUp from $3.00 to $6.00 and gave the stock an "outperform" rating in a research note on Monday, April 28th.

ThredUp Stock Up 1.2 %

Shares of TDUP traded up $0.05 during mid-day trading on Monday, reaching $4.47. 568,846 shares of the stock traded hands, compared to its average volume of 865,298. The firm has a market cap of $519.51 million, a price-to-earnings ratio of -6.96 and a beta of 1.64. The stock has a fifty day simple moving average of $2.97 and a 200 day simple moving average of $2.10. The company has a quick ratio of 0.86, a current ratio of 0.96 and a debt-to-equity ratio of 0.28. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $4.62.

Insiders Place Their Bets

In other news, Director Patricia Nakache sold 19,685 shares of ThredUp stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $2.50, for a total transaction of $49,212.50. Following the sale, the director now directly owns 250,956 shares of the company's stock, valued at approximately $627,390. The trade was a 7.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 1,757,883 shares of company stock worth $5,140,216 in the last quarter. 27.00% of the stock is owned by corporate insiders.

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.