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EdgarHawk

Paransky Noam

Director

Director
4 filings analyzed · 1 company · Latest 2024-09-13

Companies

Company Buys Sells Direction
ThredUp Inc. TDUP 6 0 Net buying

Activity

September 2024
2024-09-13 ThredUp Inc. TDUP
high
Buy
40,008 shares
$32,407
Significance 6/10

Director Paransky buys 40,008 shares at avg $0.81; joins cluster of 2+ insiders buying in past 14 days as stock down -75.6% from 52-week high.

Paransky Noam (Director) executed 2 purchases totaling 40,008 shares for $32,406.56 at a blended average price of $0.81, increasing his holdings by 7.3% to 586,452 shares. This transaction is part of a cluster pattern: 2 other insiders also bought within the past 14 days, and Paransky himself has made 4 separate purchases at ThredUp in the past week (2024-08-27 through 2024-09-12), all below the current price of $0.98. The stock is trading at -75.6% from its 52-week high and has risen 41.4% over the past 30 days after a 90-day decline of -45.6%, suggesting recent recovery from a depressed level. However, the company remains unprofitable with a net loss of $13,954,000.00 on revenue of $79,755,000.00 in the latest quarter, creating tension between the coordinated accumulation signal and underlying operational performance.

2024-09-09 ThredUp Inc. TDUP
high
Buy
120,000 shares
$99,480
Significance 6/10

Director Paransky Noam buys 120,000 shares across 2 transactions ($99.5K) as stock trades -82.3% from 52-week high; cluster pattern observed.

Paransky Noam (Director) executed 2 separate purchases totaling 120,000 shares (120.0K shares) for $99,480.00 ($99.5K) on 2024-09-05 and 2024-09-06, increasing his holdings by 28.1% to 546,444 shares. The blended average price of $0.83 reflects purchases made as the stock traded at $0.71 current price, down 82.3% from its 52-week high of $4.02, though up 13.6% over the past 30 days after a steep 90-day decline of -62.4%. ThredUp Inc. faces material operational headwinds: the company is unprofitable (net income of $-13,954,000.00 for its most recent full fiscal year) despite generating revenue of $79,755,000.00 in the latest quarter and posting annual growth of 11.7%. A cluster buy pattern was identified with 2 other insiders purchasing within the past 14 days, suggesting coordinated directional confidence among the board. The sequential buys by this director, combined with same-ticker purchases on 2024-09-04 and 2024-08-27, indicate persistent accumulation during a period of severe stock depreciation and operational losses.

2024-09-05 ThredUp Inc. TDUP
medium
Buy
180,000 shares
$145,800
Significance 6/10

Director Paransky Noam bought 180,000 (180.0K shares) of TDUP at $0.81; stock now -79.0% from 52-week high, company unprofitable with $-14.0M net income.

Director Paransky Noam purchased 180,000 shares at $0.81 on 2024-09-04, increasing his stake by 73.0% to 426.4K shares total. This represents his third consecutive purchase at TDUP within 9 days (prior buys on 2024-09-05 and 2024-08-27), suggesting sustained accumulation activity. The timing is notable: the stock trades at $0.87 currently, down 79.0% from its 52-week high of $4.14, though up 34.9% in the 30-day window preceding the transaction. The company posted $79.8M in revenue for the latest quarter but reported a $-14.0M net loss and was unprofitable on a full-year basis, yet generated annual revenue growth of +11.7%, presenting a profile of expanding sales amid ongoing losses. An investor should monitor whether this director's repeated accumulation at depressed valuations reflects conviction in a turnaround narrative or simply mechanical purchasing, particularly given the company's current unprofitable state despite revenue growth.

August 2024
2024-08-29 ThredUp Inc. TDUP
high
Buy
90,000 shares
$72,000
Significance 6/10

Director Paranksy Noam purchased 90,000 shares of TDUP at $0.80; holdings now 246.4K shares (+57.5%). Stock down 78.0% from 52-week high.

Paranksy Noam, a director at ThredUp Inc., purchased 90,000 shares at $0.80 on 2024-08-27, increasing his holdings by 57.5% to 246.4K shares and committing $72,000.00 to the position. This transaction occurs in a context of significant stock weakness: TDUP trades at $0.91, down 78.0% from its 52-week high of $4.14 and down 56.7% over the past 30 days. The company reported net income of $-14.0M on revenue of $79.8M, with full-year results unprofitable, though annual revenue growth remains positive at 11.7%. The director's substantial personal capital deployment at depressed price levels, combined with a 57.5% increase to his shareholding, stands in contrast to the stock's severe decline, though such purchases at low prices do not inherently predict recovery.

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