BlackRock Amends ThredUp Stake Filing as of Dec 31, 2023
Ticker: TDUP · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1484778
| Field | Detail |
|---|---|
| Company | Thredup Inc. (TDUP) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns ThredUp stock, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 29, 2024, indicating its ownership of ThredUp Inc. Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock continues to be a significant institutional investor in ThredUp. For investors, this means a major financial institution maintains a stake, potentially signaling confidence in ThredUp's long-term prospects, but the specific percentage of ownership or changes from the prior filing are not detailed in this excerpt.
Why It Matters
This filing confirms BlackRock's continued institutional ownership in ThredUp, which can be a positive signal for other investors, indicating a large, sophisticated investor sees value in the company.
Risk Assessment
Risk Level: low — This is a routine amendment filing by a large institutional investor and does not inherently signal new risks or opportunities.
Analyst Insight
An investor should note BlackRock's continued presence as an institutional holder, but this filing alone doesn't provide enough detail (like percentage owned or changes) to warrant immediate action. Further investigation into BlackRock's specific stake and ThredUp's recent performance would be prudent.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- ThredUp Inc. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the date the SC 13G/A was filed
- 88556E102 (other) — the CUSIP number for ThredUp Inc. Class A Common Stock
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 1)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., as indicated under the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.
What is the subject company whose securities are being reported?
The subject company is ThredUp Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: ThredUp Inc.' and 'ThredUp Inc. (Name of Issuer)'.
What is the specific class of securities being reported by BlackRock Inc.?
BlackRock Inc. is reporting its ownership of 'Class A Common Stock' of ThredUp Inc., as specified under '(Title of Class of Securities)'.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is December 31, 2023, as explicitly stated in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding ThredUp Inc. (TDUP).