Trupanion (NASDAQ:TRUP) COO Sells $78,149.07 in Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 3,603 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $21.69, for a total value of $78,149.07. Following the completion of the transaction, the chief operating officer directly owned 33,065 shares of the company’s stock, valued at approximately $717,179.85. The trade was a 9.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Trupanion Price Performance

TRUP traded up $0.44 on Monday, reaching $22.26. The stock had a trading volume of 403,304 shares, compared to its average volume of 383,093. Trupanion, Inc. has a fifty-two week low of $21.16 and a fifty-two week high of $57.88. The firm has a 50-day moving average of $24.86 and a 200-day moving average of $30.16. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $970.98 million, a price-to-earnings ratio of 37.73 and a beta of 1.45.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $384.05 million during the quarter, compared to analysts’ expectations of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The business’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. As a group, sell-side analysts anticipate that Trupanion, Inc. will post 0.53 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its holdings in Trupanion by 827.3% in the third quarter. GSA Capital Partners LLP now owns 44,584 shares of the financial services provider’s stock worth $1,930,000 after acquiring an additional 39,776 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Trupanion by 183.7% in the third quarter. Tudor Investment Corp ET AL now owns 237,125 shares of the financial services provider’s stock valued at $10,263,000 after purchasing an additional 153,530 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in shares of Trupanion by 94.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 44,666 shares of the financial services provider’s stock valued at $1,934,000 after purchasing an additional 21,656 shares in the last quarter. Kopion Asset Management LLC lifted its holdings in shares of Trupanion by 11.0% in the fourth quarter. Kopion Asset Management LLC now owns 293,706 shares of the financial services provider’s stock valued at $10,976,000 after purchasing an additional 29,103 shares in the last quarter. Finally, Hosking Partners LLP lifted its holdings in shares of Trupanion by 8.1% in the fourth quarter. Hosking Partners LLP now owns 465,950 shares of the financial services provider’s stock valued at $17,413,000 after purchasing an additional 35,020 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TRUP. Stifel Nicolaus decreased their price target on Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Cantor Fitzgerald decreased their price target on Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Piper Sandler decreased their price target on Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Bank of America decreased their price target on Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Trupanion has an average rating of “Hold” and an average target price of $42.25.

Trupanion Company Profile

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.