Barclays PLC Raises Stake in ThredUp Inc. (NASDAQ:TDUP)

Barclays PLC raised its position in shares of ThredUp Inc. (NASDAQ:TDUP) by 278.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,018 shares of the company’s stock after purchasing an additional 76,553 shares during the quarter. Barclays PLC owned 0.09% of ThredUp worth $87,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Needham Investment Management LLC lifted its holdings in shares of ThredUp by 7.2% in the third quarter. Needham Investment Management LLC now owns 6,200,000 shares of the company’s stock worth $5,220,000 after buying an additional 415,000 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ThredUp by 4.1% in the third quarter. Geode Capital Management LLC now owns 1,889,294 shares of the company’s stock worth $1,591,000 after buying an additional 74,334 shares in the last quarter. State Street Corp lifted its holdings 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 in the last quarter. Marshall Wace LLP lifted its holdings in shares of ThredUp by 37.4% in the second quarter. Marshall Wace LLP now owns 771,483 shares of the company’s stock worth $1,312,000 after buying an additional 209,792 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of ThredUp by 26.0% in the second quarter. Renaissance Technologies LLC now owns 444,412 shares of the company’s stock worth $756,000 after buying an additional 91,708 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Trading Down 3.6 %

Shares of TDUP opened at $2.12 on Friday. The company’s fifty day moving average is $1.58 and its 200 day moving average is $1.23. ThredUp Inc. has a fifty-two week low of $0.50 and a fifty-two week high of $2.45. The stock has a market capitalization of $241.17 million, a PE ratio of -3.31 and a beta of 1.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.86 and a current ratio of 0.96.

Analyst Upgrades and Downgrades

TDUP has been the topic of several research analyst reports. Telsey Advisory Group boosted their target price on shares of ThredUp from $2.00 to $3.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Tuesday, January 14th.

Insider Buying and Selling

In other news, Director Daniel J. Nova acquired 45,897 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of $1.00 per share, for a total transaction of $45,897.00. Following the completion of the transaction, the director now directly owns 124,142 shares of the company’s stock, valued at approximately $124,142. The trade was a 58.66 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patricia Nakache sold 41,676 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $1.77, for a total transaction of $73,766.52. Following the transaction, the director now owns 250,956 shares in the company, valued at $444,192.12. This trade represents a 14.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have acquired 214,797 shares of company stock worth $264,905 and have sold 1,089,143 shares worth $2,218,481. 34.42% of the stock is currently owned by company insiders.

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.