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Patricia Nakache, a director at ThredUp Inc. (NASDAQ:TDUP), recently sold a substantial portion of her holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Nakache sold 208,929 shares of Class A Common Stock on March 21, 2025. The shares were sold at a weighted average price of $2.46, amounting to a total transaction value of approximately $513,965. This transaction comes as ThredUp’s stock has shown remarkable momentum, with a 233% return over the past six months. InvestingPro analysis indicates the stock is currently trading near its Fair Value.
The shares were previously acquired through the conversion of Class B Common Stock into Class A Common Stock, a process that occurred without additional consideration. The transactions were executed under a Rule 10b5-1 trading plan, which had been adopted on March 15, 2024. According to InvestingPro data, ThredUp maintains impressive gross profit margins of nearly 80% and operates with moderate debt levels.
Post-transaction, Nakache holds no shares in the Trinity Ventures X, L.P., Trinity X Entrepreneurs’ Fund, L.P., and Trinity X Side-By-Side Fund, L.P., as these funds were the entities through which the shares were held. However, Nakache retains indirect ownership of 47 shares through TVL Management Corp. and 250,956 shares directly. With a market capitalization of $321 million, ThredUp shows high price volatility, as noted in multiple InvestingPro Tips, which provide deeper insights into the company’s financial health and market position.
In other recent news, ThredUp Inc. reported its fourth-quarter 2024 earnings, revealing a miss on earnings per share (EPS) expectations. The company posted an EPS of -$0.19, falling short of the forecasted -$0.13, while revenue reached $67.3 million, slightly below projections of $68.58 million. Despite these misses, ThredUp achieved a 9.5% year-over-year revenue growth, and its gross margin improved to 80.4%, up 290 basis points. The company also doubled its adjusted EBITDA to $5 million compared to the previous year. ThredUp forecasts 2025 revenue between $270 million and $280 million, representing a 6% growth, and aims to maintain a gross margin of 77-79%. The company is targeting positive free cash flow in 2025. CEO James Reinhart expressed confidence in the company’s strategy to sustain competitive advantage and achieve financial targets. The firm plans to invest more aggressively in marketing and processing capabilities to drive growth.
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