Needham Investment Management LLC Grows Position in ThredUp Inc. $TDUP

Posted by Geri Gentry on Jun 16th, 2026

Needham Investment Management LLC increased its stake in shares of ThredUp Inc. (NASDAQ:TDUP – Free Report) by 7.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,075,000 shares of the company’s stock after buying an additional 400,000 shares during the quarter. ThredUp makes up about 2.5% of Needham Investment Management LLC’s portfolio, making the stock its 7th largest position. Needham Investment Management LLC’s holdings in ThredUp were worth $38,819,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TDUP. Squarepoint Ops LLC lifted its position in shares of ThredUp by 40.8% during the 4th quarter. Squarepoint Ops LLC now owns 587,087 shares of the company’s stock valued at $3,751,000 after buying an additional 170,261 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in ThredUp by 4.1% in the 4th quarter. Panagora Asset Management Inc. now owns 736,420 shares of the company’s stock worth $4,706,000 after purchasing an additional 29,102 shares in the last quarter. MYDA Advisors LLC bought a new position in shares of ThredUp in the fourth quarter worth $2,173,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ThredUp by 24.9% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 200,000 shares of the company’s stock worth $1,278,000 after acquiring an additional 39,900 shares during the last quarter. Finally, Landscape Capital Management L.L.C. raised its stake in ThredUp by 2.3% in the fourth quarter. Landscape Capital Management L.L.C. now owns 800,110 shares of the company’s stock valued at $5,113,000 after purchasing an additional 18,157 shares in the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.

ThredUp Stock Performance

TDUP stock opened at $5.21 on Tuesday. The company has a market cap of $672.30 million, a P/E ratio of -32.56 and a beta of 2.07. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $4.39 and its 200-day moving average price is $5.07. ThredUp Inc. has a 1 year low of $3.08 and a 1 year high of $12.28.

ThredUp (NASDAQ:TDUP – Get Free Report) last released its quarterly earnings results on Monday, May 4th. The company reported ($0.05) EPS for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $81.67 million during the quarter, compared to analyst estimates of $80.17 million. ThredUp had a negative net margin of 6.68% and a negative return on equity of 36.11%. On average, equities analysts forecast that ThredUp Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TDUP has been the topic of a number of research reports. TD Cowen raised their price target on ThredUp from $5.00 to $5.70 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings restated a “sell (e+)” rating on shares of ThredUp in a report on Friday, March 27th. Telsey Advisory Group decreased their price target on shares of ThredUp from $9.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, May 5th. Finally, Wells Fargo & Company lowered their price objective on ThredUp from $10.00 to $8.00 and set an “overweight” rating for the company in a research note on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $9.14.

Check Out Our Latest Report on TDUP

Insider Transactions at ThredUp

In other news, COO Christopher Homer sold 61,578 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $4.43, for a total value of $272,790.54. Following the transaction, the chief operating officer owned 1,301,843 shares of the company’s stock, valued at $5,767,164.49. This trade represents a 4.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Sean Sobers sold 45,554 shares of ThredUp stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $4.43, for a total transaction of $201,804.22. Following the transaction, the chief financial officer directly owned 572,523 shares in the company, valued at $2,536,276.89. This represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 23.10% of the company’s stock.

About ThredUp

(Free Report)

ThredUp, Inc operates an online consignment and thrift platform that enables consumers to buy and sell secondhand clothing and accessories. Through its digital marketplace, the company offers curated selections of apparel for women and children, spanning a broad range of brands and styles. Sellers can order a “Clean Out Kit” to send in items they no longer wear, while buyers benefit from discounted prices and a simplified shopping experience powered by ThredUp’s in-house authentication, quality control and logistics capabilities.

In addition to its core consumer-to-consumer marketplace, ThredUp has expanded into business-to-business services with its Resale-as-a-Service (RaaS) offering.