Insider Selling: Trupanion, Inc. (NASDAQ: TRUP) Director Sells 700 Shares


Trupanion, Inc. (NASDAQ: TRUP – Get Rating) Director Michael Doak sold 700 shares of the company in a trade on Tuesday, July 5. The shares were sold at an average price of $60.00, for a total value of $42,000.00. As a result of the transaction, the administrator now directly owns 1,007 shares of the company, valued at $60,420. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website.

NASDAQ TRUP shares opened at $66.41 on Friday. The company’s 50-day moving average price is $62.40 and its two-hundred-day moving average price is $81.91. The company has a debt ratio of 0.16, a current ratio of 1.88 and a quick ratio of 1.88. Trupanion, Inc. has a one-year low of $50.81 and a one-year high of $158.25. The company has a market capitalization of $2.70 billion, a P/E ratio of -84.06 and a beta of 2.11.

Trupanion Inc (NASDAQ:TRUP – Get Rating) last released its quarterly results on Thursday, April 28. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The company posted revenue of $206.00 million for the quarter, versus a consensus estimate of $202.32 million. Trupanion had a negative return on equity of 8.66% and a negative net margin of 4.26%. The company’s revenues increased by 33.2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.31) EPS. On average, stock analysts expect Trupanion, Inc. to post EPS of -0.81 for the current year.

Several research analysts have recently weighed in on TRUP shares. StockNews.com began covering Trupanion in a research report on Thursday, March 31. They put a “sell” mark on the stock. Canaccord Genuity Group lowered its price target on Trupanion from $140.00 to $100.00 in a Friday, April 29 research report. Bank of America lowered its target price on Trupanion from $118.00 to $110.00 and placed a “buy” rating on the stock in a Wednesday, April 20 research note. TheStreet downgraded Trupanion from a “c-” rating to a “d+” rating in a Wednesday, April 6 research note. Finally, Piper Sandler lowered her target price on Trupanion from $95.00 to $80.00 and set an “overweight” rating on the stock in a Friday, May 27 research note.

A number of large investors have recently changed their positions in TRUP. Aflac Inc. purchased a new stake in Trupanion during Q1 valued at approximately $324,072,000. Nine Ten Capital Management LLC increased its stake in Trupanion by 18.7% in Q1. Nine Ten Capital Management LLC now owns 2,341,919 shares of the financial services provider valued at $208,712,000 after purchasing an additional 368,343 shares during the period. Polar Capital Holdings Plc purchased a new stake in Trupanion during Q1 worth approximately $22,280,000. Capital International Investors increased its stake in Trupanion by 7.4% in the 4th quarter. Capital International Investors now owns 1,487,447 shares of the financial services provider valued at $196,388,000 after purchasing an additional 102,630 shares during the period. Finally, State Street Corp increased its stake in Trupanion by 7.6% in the 1st quarter. State Street Corp now owns 1,247,433 shares of the financial services provider valued at $111,171,000 after purchasing an additional 88,009 shares during the period. Hedge funds and other institutional investors own 83.62% of the company’s shares.

Trupanion Company Profile (Get an evaluation)

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Puerto Rico and Australia. The Company operates in two segments, subscription business and other business. It serves pet owners and veterinarians.

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