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

XTX Topco Ltd bought a new position in ThredUp Inc. (NASDAQ:TDUP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BloombergSen Inc. grew its position in ThredUp by 278.9% in the fourth quarter. BloombergSen Inc. now owns 639,548 shares of the company’s stock worth $889,000 after acquiring an additional 470,768 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in ThredUp in the fourth quarter worth about $348,000. Arrowstreet Capital Limited Partnership purchased a new position in ThredUp in the fourth quarter worth about $521,000. Archon Capital Management LLC purchased a new position in ThredUp in the fourth quarter worth about $461,000. Finally, Geode Capital Management LLC grew its position in ThredUp by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 1,915,620 shares of the company’s stock worth $2,663,000 after acquiring an additional 26,326 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDUP. Telsey Advisory Group lifted their price target on ThredUp from $3.00 to $6.00 and gave the stock an “outperform” rating in a research report on Monday. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Tuesday, March 4th.

ThredUp Stock Up 3.3 %

Shares of NASDAQ:TDUP opened at $4.43 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 firm has a market capitalization of $514.74 million, a PE ratio of -6.92 and a beta of 1.64. The business has a 50 day simple moving average of $2.86 and a two-hundred day simple moving average of $2.02. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $4.47.

Insider Buying and Selling at ThredUp

In other news, Director Patricia Nakache sold 137,076 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $2.22, for a total transaction of $304,308.72. Following the transaction, the director now owns 250,956 shares in the company, valued at approximately $557,122.32. This trade represents a 35.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 2,374,820 shares of company stock valued at $6,548,205 in the last ninety days. Corporate insiders own 27.00% of the company’s stock.

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.