Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi Sells 622 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi sold 622 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total value of $32,723.42. Following the completion of the sale, the chief financial officer now owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Trupanion Stock Performance

Trupanion stock opened at $53.50 on Thursday. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40. The stock has a market cap of $2.27 billion, a P/E ratio of -167.19 and a beta of 1.69. The stock has a 50 day moving average of $49.50 and a 200-day moving average of $39.97.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million for the quarter, compared to the consensus estimate of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The firm’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.10) EPS. On average, analysts expect that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

TRUP has been the subject of several analyst reports. Stifel Nicolaus upped their target price on Trupanion from $30.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 23rd. Northland Securities upped their price target on Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Piper Sandler lifted their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. Bank of America boosted their target price on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a report on Friday, August 9th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $44.67.

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently bought and sold shares of TRUP. Louisiana State Employees Retirement System lifted its holdings in Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after buying an additional 500 shares during the last quarter. GAMMA Investing LLC lifted its stake in Trupanion by 70.4% during the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Trupanion by 7.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider’s stock worth $414,000 after purchasing an additional 671 shares during the last quarter. WINTON GROUP Ltd boosted its holdings in Trupanion by 1.9% in the second quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider’s stock worth $1,108,000 after purchasing an additional 685 shares during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in Trupanion by 2.0% during the first quarter. CANADA LIFE ASSURANCE Co now owns 43,060 shares of the financial services provider’s stock valued at $1,188,000 after purchasing an additional 830 shares during the last quarter.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.