Virtu Financial LLC Invests $33,000 in ThredUp Inc. (NASDAQ:TDUP)

Virtu Financial LLC purchased a new position in ThredUp Inc. (NASDAQ:TDUP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,091 shares of the company’s stock, valued at approximately $33,000.

Other institutional investors also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of ThredUp in the fourth quarter worth approximately $348,000. State Street Corp raised its holdings in ThredUp by 0.9% in the 3rd quarter. State Street Corp now owns 1,443,177 shares of the company’s stock worth $1,215,000 after acquiring an additional 12,984 shares during the last quarter. Barclays PLC lifted its position in ThredUp by 278.7% in the 3rd quarter. Barclays PLC now owns 104,018 shares of the company’s stock valued at $87,000 after acquiring an additional 76,553 shares in the last quarter. Geode Capital Management LLC boosted its stake in ThredUp by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock valued at $1,591,000 after purchasing an additional 74,334 shares during the last quarter. Finally, Needham Investment Management LLC boosted its stake in ThredUp by 7.2% during the 3rd quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock valued at $5,220,000 after purchasing an additional 415,000 shares during the last quarter. 89.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ThredUp

In other ThredUp news, Director Patricia Nakache sold 195,337 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $2.26, for a total transaction of $441,461.62. Following the completion of the transaction, the director now owns 250,956 shares of the company’s stock, valued at $567,160.56. This represents a 43.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,833,612 shares of company stock valued at $6,633,229 over the last 90 days. Company insiders own 34.42% of the company’s stock.

ThredUp Stock Up 2.1 %

Shares of TDUP stock opened at $2.46 on Wednesday. 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’s fifty day moving average price is $2.45 and its 200-day moving average price is $1.64. The company has a market capitalization of $285.84 million, a price-to-earnings ratio of -3.84 and a beta of 1.73. ThredUp Inc. has a one year low of $0.50 and a one year high of $2.99.

Analysts Set New Price Targets

TDUP has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of ThredUp in a report on Tuesday, March 4th. Telsey Advisory Group restated an “outperform” rating and set a $3.00 target price on shares of ThredUp in a research note 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.