Diversified Trust Co Has $218,000 Position in ThredUp Inc. $TDUP

Diversified Trust Co reduced its holdings in shares of ThredUp Inc. (NASDAQ:TDUP) by 5.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 29,053 shares of the company’s stock after selling 1,686 shares during the period. Diversified Trust Co’s holdings in ThredUp were worth $218,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in ThredUp by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 47,705 shares of the company’s stock valued at $115,000 after purchasing an additional 2,034 shares in the last quarter. Cubist Systematic Strategies LLC boosted its stake in ThredUp by 7.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 37,516 shares of the company’s stock valued at $90,000 after buying an additional 2,659 shares in the last quarter. Rhumbline Advisers boosted its stake in ThredUp by 3.0% in the 1st quarter. Rhumbline Advisers now owns 100,182 shares of the company’s stock valued at $241,000 after buying an additional 2,928 shares in the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in ThredUp by 15.9% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 23,914 shares of the company’s stock valued at $58,000 after buying an additional 3,285 shares in the last quarter. Finally, Diker Management LLC boosted its stake in ThredUp by 5.6% in the 1st quarter. Diker Management LLC now owns 125,155 shares of the company’s stock valued at $302,000 after buying an additional 6,655 shares in the last quarter. 89.08% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at ThredUp

In other ThredUp news, Director Coretha M. Rushing sold 105,000 shares of the company’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $10.82, for a total transaction of $1,136,100.00. Following the transaction, the director owned 148,197 shares of the company’s stock, valued at approximately $1,603,491.54. This represents a 41.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sean Sobers sold 100,000 shares of the company’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $10.04, for a total value of $1,004,000.00. Following the transaction, the chief financial officer directly owned 477,390 shares in the company, valued at $4,792,995.60. This trade represents a 17.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,000 shares of company stock worth $2,642,100. Company insiders own 27.00% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on TDUP. Wells Fargo & Company boosted their target price on shares of ThredUp from $10.00 to $13.00 and gave the company an “overweight” rating in a research note on Tuesday, August 5th. Northland Capmk upgraded shares of ThredUp to a “strong-buy” rating in a research report on Monday, July 21st. Needham & Company LLC restated a “hold” rating on shares of ThredUp in a research report on Thursday, September 4th. Wall Street Zen downgraded ThredUp from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Northland Securities set a $14.00 target price on ThredUp in a report on Tuesday, August 5th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, ThredUp has an average rating of “Buy” and an average target price of $13.00.

ThredUp Price Performance

Shares of TDUP stock opened at $9.48 on Thursday. ThredUp Inc. has a 1 year low of $0.50 and a 1 year high of $12.28. The firm’s 50 day moving average is $9.99 and its 200-day moving average is $7.01. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of -19.35 and a beta of 1.75. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.27.

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.