Jane Street Group LLC Decreases Stock Position in ThredUp Inc. (NASDAQ:TDUP)

Jane Street Group LLC reduced its stake in ThredUp Inc. (NASDAQ:TDUP) by 26.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,138 shares of the company’s stock after selling 29,307 shares during the period. Jane Street Group LLC owned approximately 0.07% of ThredUp worth $68,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its holdings in shares of ThredUp by 84.8% in the 3rd quarter. SG Americas Securities LLC now owns 34,543 shares of the company’s stock valued at $29,000 after acquiring an additional 15,850 shares in the last quarter. Sei Investments Co. purchased a new position in shares of ThredUp in the second quarter worth $37,000. Cubist Systematic Strategies LLC purchased a new stake in shares of ThredUp during the second quarter worth about $43,000. Creekside Partners bought a new stake in shares of ThredUp in the 2nd quarter worth approximately $51,000. Finally, Simplicity Wealth LLC bought a new position in ThredUp in the 3rd quarter worth $97,000. 89.08% of the stock is currently owned by institutional investors.

ThredUp Price Performance

Shares of NASDAQ:TDUP opened at $2.26 on Thursday. 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 fifty-two week low of $0.50 and a fifty-two week high of $2.42. The firm has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.20. The firm has a market cap of $257.09 million, a price-to-earnings ratio of -3.53 and a beta of 1.66.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Telsey Advisory Group lifted their price target on ThredUp from $2.00 to $3.00 and gave the company an “outperform” rating in a research report on Wednesday. Needham & Company LLC reiterated a “hold” rating on shares of ThredUp in a research note on Tuesday.

Insider Activity

In other ThredUp news, Director Daniel J. Nova acquired 24,897 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The shares were bought at an average cost of $1.47 per share, with a total value of $36,598.59. Following the completion of the acquisition, the director now directly owns 303,930 shares in the company, valued at $446,777.10. This represents a 8.92 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patricia Nakache sold 54,801 shares of ThredUp stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $1.78, for a total transaction of $97,545.78. Following the completion of the transaction, the director now directly owns 247 shares in the company, valued at approximately $439.66. The trade was a 99.55 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 214,797 shares of company stock worth $264,905 and sold 101,277 shares worth $179,808. Corporate insiders own 34.42% of the company’s stock.

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.