Insider Sale: Trupanion, Inc. (NASDAQ: TRUP) Insider Sells 350 Shares

Trupanion, Inc. (NASDAQ: TRUP) insider Margaret Tooth sold 350 shares in a trade on Tuesday, December 28. The shares were sold at an average price of $ 137.00, for a total trade of $ 47,950.00. The transaction was disclosed in a filing with the SEC, which is available on the SEC’s website.

Margaret Tooth also recently completed the following transactions:

  • On Monday, November 29, Margaret Tooth sold 500 Trupanion shares. The stock was sold for an average price of $ 123.19, for a total trade of $ 61,595.00.
  • On Thursday October 28, Margaret Tooth sold 500 Trupanion shares. The stock was sold for an average price of $ 101.18, for a total trade of $ 50,590.00.

Shares of TRUP traded down $ 1.09 at midday on Thursday, reaching $ 130.73. The company’s shares had a trading volume of 213,327 shares, compared to its average volume of 364,467. The company has a 50-day moving average price of $ 124.72 and a 200-day moving average price of $ 107.66. The stock has a market cap of $ 5.28 billion, a price-to-earnings ratio of -163.41 and a beta of 1.95. Trupanion, Inc. has a 52-week low of $ 69.74 and a 52-week high of $ 158.25.

Trupanion (NASDAQ: TRUP) last reported its quarterly results on Wednesday, November 3. The financial services provider reported ($ 0.17) earnings per share (EPS) for the quarter, beating Thomson Reuters consensus estimate of ($ 0.18) by $ 0.01. Trupanion had a negative net margin of 4.94% and a negative return on equity of 8.69%. The company posted revenue of $ 181.67 million for the quarter, compared to analysts’ expectations of $ 178.07 million. In the same quarter of the previous year, the company posted ($ 0.07) EPS. Equity research analysts expect Trupanion, Inc. to post EPS of -0.87 for the current fiscal year.

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TRUP has been the subject of a number of analyst reports. Bank of America downgraded Trupanion’s shares from a “buy” rating to a “neutral” rating and increased its price target for the share from $ 112.00 to $ 129.00 in a report released on Monday, November 8. Piper Sandler raised her price target for the Trupanion stock from $ 126.00 to $ 183.00 and rated the stock “overweight” in a report released on Wednesday, December 8th. Two investment analysts rated the stock with a conservation rating and four issued a buy rating for the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $ 142.40.

Several institutional investors and hedge funds have recently changed their positions in TRUP. Advisor Group Holdings Inc. increased its holdings of Trupanion shares by 14.4% in the second quarter. Advisor Group Holdings Inc. now owns 1,555 shares of the financial services provider valued at $ 178,000 after purchasing an additional 196 shares during the period. The New York State Pension Mutual Fund increased its holdings of Trupanion shares by 9.7% in the second quarter. The New York State Pooled Retirement Fund now owns 67,528 shares of the financial services provider valued at $ 7,772,000 after purchasing an additional 5,954 shares during the period. Arizona State Retirement System increased its holdings of Trupanion shares by 3.6% during the second quarter. Arizona State Retirement System now owns 9,121 shares of the financial services provider valued at $ 1,050,000 after purchasing an additional 318 shares during the period. Russell Investments Group Ltd. increased its holdings of Trupanion shares by 1,879.5% in the second quarter. Russell Investments Group Ltd. now owns 35,315 shares of the financial services provider valued at $ 4,063,000 after purchasing an additional 33,531 shares during the period. Finally, Envestnet Asset Management Inc. acquired a new equity interest in Trupanion during the second quarter valued at approximately $ 856,000. Institutional investors hold 80.73% of the shares of the company.

Company profile Trupanion

Trupanion, Inc. is engaged in providing medical insurance for cats and dogs. It operates through the following segments: subscription business and other business. The Subscription Business segment is for monthly pet medical insurance subscriptions. The Other Business segment includes businesses or organizations that choose to provide medical insurance for cats and dogs for the benefit of their employees or members and the contracts include multiple pets.

Feature article: Book value per share – BVPS

Insider buys and sells by quarter for Trupanion (NASDAQ: TRUP)

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