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Patricia Nakache, a director at ThredUp Inc. (NASDAQ:TDUP), has reported selling shares of the company worth approximately $739,290, according to a recent SEC filing. The transactions took place over a span of three days, from March 18 to March 20, 2025. The timing of these sales is notable, as InvestingPro data shows ThredUp’s stock has surged 175% over the past six months and 75% year-to-date.
The sales involved Class A Common Stock, with prices ranging from $2.24 to $2.48 per share. On March 18, Nakache sold 48,262 shares, followed by 165,638 shares on March 19, and 89,686 shares on March 20. These transactions were conducted under a Rule 10b5-1 trading plan, which was adopted on March 15, 2024. The company, currently valued at $283 million, maintains impressive gross profit margins of nearly 80%. For deeper insights into insider trading patterns and comprehensive financial analysis, consider accessing the detailed ThredUp Research Report on InvestingPro.
Nakache, who is affiliated with Trinity Ventures X, L.P., executed these transactions as part of a structured trading plan, which allows corporate insiders to set a schedule for selling shares in advance. This plan helps avoid any potential conflicts of interest or allegations of insider trading.
Following these transactions, Nakache retains indirect ownership of a small number of shares through various funds associated with Trinity Ventures.
In other recent news, ThredUp Inc reported its fourth-quarter 2024 earnings, missing analyst expectations with an earnings per share (EPS) of -$0.19, compared to the forecasted -$0.13. Revenue also fell short of projections, coming in at $67.3 million against an anticipated $68.58 million. Despite these misses, the company experienced a 9.5% year-over-year revenue growth and an improvement in gross margin to 80.4%. ThredUp’s adjusted EBITDA doubled from the previous year, reaching $5 million, indicating some operational improvements. The company also noted a decline in active buyers by 6%, which may pose challenges in customer acquisition or retention. Looking forward, ThredUp has set a revenue target between $270 million and $280 million for 2025, aiming for a 6% growth. The company plans to maintain a gross margin between 77% and 79% and achieve flat adjusted EBITDA compared to 2024. Analysts from firms such as Wells Fargo (NYSE:WFC) and William Blair have shown interest in the company’s strategies, particularly around marketing and AI technology investments.
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