Insider Selling: Trupanion, Inc. (NASDAQ:TRUP) EVP Sells 11,916 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) EVP Steve Weinrauch sold 11,916 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at approximately $2,595,834. This trade represents a 19.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Trupanion Trading Up 1.8 %

TRUP opened at $53.60 on Friday. Trupanion, Inc. has a fifty-two week low of $19.69 and a fifty-two week high of $57.90. The firm has a market capitalization of $2.27 billion, a PE ratio of -167.50 and a beta of 1.69. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The company’s 50-day moving average is $49.05 and its 200 day moving average is $39.26.

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

Hedge Funds Weigh In On Trupanion

A number of hedge funds have recently bought and sold shares of the company. State Board of Administration of Florida Retirement System boosted its holdings in Trupanion by 12.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,726 shares of the financial services provider’s stock worth $351,000 after purchasing an additional 1,420 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock worth $101,433,000 after buying an additional 32,485 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Trupanion by 2.0% in 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 acquiring an additional 830 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Trupanion by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 1,441 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new stake in Trupanion during the first quarter worth $253,000.

Analyst Ratings Changes

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

Trupanion Company Profile

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.