XTX Topco Ltd Invests $105,000 in ThredUp Inc. (NASDAQ:TDUP)

XTX Topco Ltd bought a new position in ThredUp Inc. (NASDAQ:TDUP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 reporting period.

Several other large investors have also recently modified their holdings of TDUP. State Street Corp increased its stake in shares of ThredUp by 0.9% in the third quarter. State Street Corp now owns 1,443,177 shares of the company's stock worth $1,215,000 after buying an additional 12,984 shares during the period. Barclays PLC increased its position in shares of ThredUp by 278.7% in 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 period. Geode Capital Management LLC raised its stake in shares of ThredUp by 4.1% during the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company's stock valued at $1,591,000 after acquiring an additional 74,334 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of ThredUp during the fourth quarter worth about $348,000. Finally, Virtu Financial LLC bought a new stake in shares of ThredUp in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 89.08% of the company's stock.

ThredUp Stock Up 4.0 %

Shares of TDUP traded up $0.17 on Friday, reaching $4.42. The stock had a trading volume of 2,053,146 shares, compared to its average volume of 863,529. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96. ThredUp Inc. has a 12-month low of $0.50 and a 12-month high of $4.76. The firm has a market capitalization of $513.58 million, a price-to-earnings ratio of -6.91 and a beta of 1.64. The company has a 50-day simple moving average of $2.97 and a 200-day simple moving average of $2.08.

Insider Buying and Selling at ThredUp

In other news, Director Patricia Nakache sold 420,711 shares of ThredUp stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $2.61, for a total transaction of $1,098,055.71. Following the completion of the transaction, the director now directly owns 250,956 shares in the company, valued at approximately $654,995.16. This trade represents a 62.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders sold 2,237,744 shares of company stock valued at $6,243,897. 27.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDUP. Wells Fargo & Company upped their price target on ThredUp from $3.00 to $6.00 and gave the company an "overweight" rating in a research report on Wednesday. Needham & Company LLC restated a "hold" rating on shares of ThredUp in a report on Tuesday, March 4th. Finally, Telsey Advisory Group lifted their price target on shares of ThredUp from $3.00 to $6.00 and gave the company an "outperform" rating in a report on Monday.

ThredUp 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.