Insider Selling: Trupanion (NASDAQ:TRUP) COO Sells 430 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 430 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $31.67, for a total value of $13,618.10. Following the transaction, the chief operating officer directly owned 31,861 shares of the company’s stock, valued at $1,009,037.87. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Trupanion Stock Up 2.4%

Shares of NASDAQ:TRUP traded up $0.76 during trading hours on Thursday, reaching $32.17. The stock had a trading volume of 268,930 shares, compared to its average volume of 369,344. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.71 and a current ratio of 1.71. The firm’s 50 day moving average is $35.64 and its 200-day moving average is $41.48. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 89.36 and a beta of 1.58. Trupanion, Inc. has a 1 year low of $30.85 and a 1 year high of $57.88.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings results on Thursday, November 6th. The financial services provider reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.76). Trupanion had a net margin of 1.10% and a return on equity of 4.48%. The business had revenue of $366.92 million during the quarter, compared to analyst estimates of $361.58 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. Research analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trupanion

A number of large investors have recently made changes to their positions in TRUP. Royal Bank of Canada boosted its holdings in Trupanion by 60.6% during the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock worth $1,109,000 after buying an additional 11,233 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Trupanion by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 858 shares during the period. Millennium Management LLC boosted its stake in shares of Trupanion by 73.5% during the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after acquiring an additional 113,490 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Trupanion by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,133 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 494 shares during the period. Finally, State of Alaska Department of Revenue grew its holdings in shares of Trupanion by 8.8% in the 2nd quarter. State of Alaska Department of Revenue now owns 20,124 shares of the financial services provider’s stock worth $1,112,000 after acquiring an additional 1,623 shares during the period.

Analysts Set New Price Targets

TRUP has been the subject of several research analyst reports. Stifel Nicolaus decreased their price objective on Trupanion from $42.00 to $38.00 and set a “hold” rating for the company in a report on Thursday. Piper Sandler dropped their target price on Trupanion from $67.00 to $60.00 and set an “overweight” rating on the stock in a report on Friday, December 19th. Zacks Research raised shares of Trupanion from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 6th. Cantor Fitzgerald reduced their target price on shares of Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Finally, Wall Street Zen lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Trupanion currently has an average rating of “Moderate Buy” and an average target price of $50.00.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.