Shares of Trupanion, Inc. (NASDAQ:TRUP – Get Rating) fell before the market opened on Tuesday after an insider sold shares in the company. The stock had previously closed at $90.43, but opened at $87.00. Shares of Trupanion last traded at $87.00, with a volume of 18 shares traded in hands. Specifically, CEO Darryl Rawlings sold 4,000 shares of the company in a trade dated Wednesday, January 19. The shares were sold at an average price of $97.29, for a total transaction of $389,160.00. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, insider Margaret Tooth sold 350 shares of the company in a trade dated Tuesday, Dec. 28. The shares were sold at an average price of $137.00, for a total transaction of $47,950.00. The disclosure of this sale can be found here. During the last quarter, insiders sold 47,058 shares of the company worth $5,081,237. 6.77% of the shares are currently held by insiders.
Several equity analysts have recently published reports on the stock. Bank of America upgraded shares of Trupanion from a “neutral” rating to a “buy” rating and lowered its price target for the stock from $129.00 to $118.00 in a Thursday research note February 24. They noted that the move was a review call. Lake Street Capital lowered its price target on shares of Trupanion from $150.00 to $120.00 in a Thursday, Feb. 17 research note. Canaccord Genuity Group lowered its price target on Trupanion shares from $150.00 to $140.00 in a Thursday, Feb. 17 research note. StockNews.com upgraded shares of Trupanion to a “sell” rating in a Monday, Feb. 21 research note. Finally, Piper Sandler lowered her price target on Trupanion shares from $183.00 to $156.00 in a Monday, February 7 research note. One equity research analyst has assigned the stock a sell rating, one has assigned a hold rating and three have assigned the stock a buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $126.80.
The company’s 50-day moving average price is $89.05 and its two-hundred-day moving average price is $102.58. The company has a market capitalization of $3.58 billion, a PE ratio of -98.50 and a beta of 2.09.
Trupanion (NASDAQ:TRUP – Get Rating) last released its quarterly results on Wednesday, February 16. The financial services provider reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company posted revenue of $194.38 million for the quarter, versus analyst estimates of $193.09 million. Trupanion had a negative return on equity of 9.69% and a negative net margin of 5.08%. The company’s revenue for the quarter increased by 36.2% compared to the same quarter last year. In the same quarter a year earlier, the company posted ($0.09) earnings per share. Analysts expect Trupanion, Inc. to post -0.64 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of TRUP. Price T Rowe Associates Inc. MD increased its stake in Trupanion by 12.4% in the second quarter. Price T Rowe Associates Inc. MD now owns 10,713 shares of the financial services provider valued at $1,233,000 after acquiring 1,185 additional shares in the last quarter. Invesco Ltd. increased its stake in Trupanion by 10.7% in the second quarter. Invesco Ltd. now owns 93,249 shares of the financial services provider valued at $10,733,000 after acquiring an additional 8,986 shares in the last quarter. Morgan Stanley increased its stake in Trupanion by 6.2% in the second quarter. Morgan Stanley now owns 527,296 shares of the financial services provider valued at $60,692,000 after acquiring 30,682 additional shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in Trupanion by 44.6% in the second quarter. Parametric Portfolio Associates LLC now owns 69,902 shares of the financial services provider valued at $8,046,000 after acquiring an additional 21,548 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Trupanion by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 27,507 shares of the financial services provider valued at $3,166,000 after acquiring an additional 269 shares in the last quarter. Institutional investors and hedge funds hold 83.46% of the company’s shares.
About Trupanion (NASDAQ: TRUP)
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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