Trupanion Inc (NASDAQ:TRUP) Shares Spread After Insider Selling

Trupanion, Inc. (NASDAQ:TRUP – Get Rating) fell ahead of Monday’s market open following insider selling activity. The stock had previously closed at $69.91, but opened at $67.42. Shares of Trupanion last traded at $69.47, with volume at 94 shares. Specifically, Executive Vice President Gavin Friedman sold 1,600 shares of Trupanion in a trade dated Thursday, August 11. The stock was sold at an average price of $80.00, for a total transaction of $128,000.00. Following the sale, the executive vice president now directly owns 6,968 shares of the company, valued at $557,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. In other news, Executive Vice President Gavin Friedman sold 1,600 shares of Trupanion in a trade dated Thursday, August 11. The stock was sold at an average price of $80.00, for a total transaction of $128,000.00. Following the sale, the executive vice president now directly owns 6,968 shares of the company, valued at $557,440. The sale was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. Additionally, Chairman Margaret Tooth sold 6,907 shares of Trupanion in a trade that took place on Monday, August 8. The stock was sold at an average price of $72.02, for a total value of $497,442.14. Following completion of the transaction, the President now directly owns 32,507 shares of the company, valued at $2,341,154.14. The disclosure of this sale can be found here. Insiders sold a total of 32,207 shares of the company worth $2,151,152 in the past 90 days. Insiders own 6.77% of the shares of the company.

Analysts set new price targets

TRUP has been the subject of several recent analyst reports. Piper Sandler downgraded Trupanion from an “overweight” rating to a “neutral” rating and lowered her price target for the company from $80.00 to $69.00 in a Thursday, August 4 research note. Evercore ISI reduced its price target on Trupanion to $85.00 in a Tuesday, August 9 report. Canaccord Genuity Group reduced its price target on Trupanion from $100.00 to $90.00 in a Friday, August 5 report. Finally, Northland Securities reduced its price target on Trupanion from $80.00 to $70.00 in a Thursday, August 4 report.

Trupanion stock performance

The company has a 50-day simple moving average of $66.16 and a two-hundred-day simple moving average of $72.39. The company has a quick ratio of 1.78, a current ratio of 1.78 and a leverage ratio of 0.17. The company has a market capitalization of $2.79 billion, a PE ratio of -78.55 and a beta of 2.02.

Trupanion (NASDAQ:TRUP – Get Rating) last released quarterly earnings data on Wednesday, August 3. The financial services provider reported ($0.33) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.10). Trupanion had a negative return on equity of 10.62% and a negative net margin of 4.53%. The company posted revenue of $219.41 million in the quarter, compared to $216.63 million expected by analysts. As a group, equity research analysts expect Trupanion, Inc. to post -1.03 earnings per share for the current year.

Institutional entries and exits

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Trupanion by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,862,393 shares of the financial services provider worth $344,217,000 after buying 30,321 additional shares in the last quarter. Nine Ten Capital Management LLC increased its position in shares of Trupanion by 55.4% during the 2nd quarter. Nine Ten Capital Management LLC now owns 3,638,509 shares of the financial services provider valued at $219,257,000 after purchasing an additional 1,296,590 shares in the last quarter. Aflac Inc. bought a new position in shares of Trupanion during the 1st quarter at a value of $324,072,000. Capital International Investors increased its position in shares of Trupanion by 7.4% during the fourth quarter. Capital International Investors now owns 1,487,447 shares of the financial services provider valued at $196,388,000 after buying an additional 102,630 shares in the last quarter. Finally, State Street Corp increased its position in shares of Trupanion by 9.7% during the 2nd quarter. State Street Corp now owns 1,368,151 shares of the financial services provider valued at $82,445,000 after buying an additional 120,718 shares in the last quarter. Hedge funds and other institutional investors own 83.62% of the company’s shares.

Trupanion Company Profile

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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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