Trupanion (NASDAQ:TRUP) EVP Sells $146,828.00 in Stock

Trupanion, Inc. (NASDAQ:TRUP) EVP Steve Weinrauch sold 6,674 shares of the stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $22.00, for a total transaction of $146,828.00. Following the sale, the executive vice president directly owned 78,062 shares of the company’s stock, valued at approximately $1,717,364. This represents a 7.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Trupanion Stock Down 0.4%

TRUP stock opened at $23.29 on Friday. Trupanion, Inc. has a 12 month low of $21.16 and a 12 month high of $57.88. The firm has a market cap of $1.02 billion, a PE ratio of 39.47 and a beta of 1.45. The firm has a 50 day simple moving average of $24.29 and a 200 day simple moving average of $29.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73.

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

Institutional Investors Weigh In On Trupanion

Several hedge funds have recently made changes to their positions in the company. Federated Hermes Inc. purchased a new stake in Trupanion in the 3rd quarter worth approximately $33,000. Parallel Advisors LLC lifted its position in Trupanion by 1,831.9% in the 1st quarter. Parallel Advisors LLC now owns 1,816 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,722 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in Trupanion in the 4th quarter worth approximately $64,000. Kelleher Financial Advisors purchased a new stake in Trupanion in the 3rd quarter worth approximately $74,000. Finally, PNC Financial Services Group Inc. lifted its position in Trupanion by 21.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,678 shares of the financial services provider’s stock worth $116,000 after buying an additional 478 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TRUP shares. Weiss Ratings restated a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Zacks Research downgraded shares of Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Cantor Fitzgerald reduced their price target on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, April 9th. Stifel Nicolaus reduced their price target on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Finally, Piper Sandler reduced their price target on shares of Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Two 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. Based on data from MarketBeat.com, Trupanion presently has a consensus rating of “Hold” and an average price target 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.