Trupanion (NASDAQ:TRUP) Shares Gap Up Following Insider Buying Activity

Trupanion, Inc. (NASDAQ:TRUP)’s stock price gapped up prior to trading on Friday after an insider bought additional shares in the company. The stock had previously closed at $24.87, but opened at $26.59. Trupanion shares last traded at $25.18, with a volume of 115,810 shares changing hands.

Specifically, SVP Emily Dreyer sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total value of $79,187.50. Following the completion of the sale, the senior vice president now directly owns 19,830 shares of the company’s stock, valued at $502,492.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Emily Dreyer sold 3,125 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $25.34, for a total transaction of $79,187.50. Following the completion of the sale, the senior vice president now owns 19,830 shares in the company, valued at approximately $502,492.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darryl Rawlings bought 20,700 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were purchased at an average price of $24.14 per share, with a total value of $499,698.00. Following the transaction, the chief executive officer now directly owns 614,842 shares in the company, valued at $14,842,285.88. The disclosure for this purchase can be found here. Insiders own 5.81% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on TRUP. Stifel Nicolaus raised their target price on shares of Trupanion from $25.00 to $28.00 and gave the company a “hold” rating in a research note on Friday, February 16th. Evercore ISI reduced their price objective on shares of Trupanion from $35.00 to $31.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 20th. Canaccord Genuity Group dropped their target price on shares of Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Finally, Piper Sandler dropped their target price on shares of Trupanion from $28.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $28.75.

Trupanion Stock Up 2.2 %

The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of -38.86 and a beta of 1.76. The stock’s fifty day moving average price is $25.39 and its 200-day moving average price is $26.68. The company has a quick ratio of 1.63, a current ratio of 1.62 and a debt-to-equity ratio of 0.42.

Trupanion (NASDAQ:TRUP) last issued its earnings results on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.02. The business had revenue of $306.12 million for the quarter, compared to the consensus estimate of $300.51 million. Trupanion had a negative net margin of 2.31% and a negative return on equity of 9.03%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) earnings per share. On average, sell-side analysts predict that Trupanion, Inc. will post -0.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trupanion

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quest Partners LLC bought a new position in Trupanion during the fourth quarter worth $67,000. PNC Financial Services Group Inc. boosted its position in shares of Trupanion by 45.4% in the third quarter. PNC Financial Services Group Inc. now owns 2,990 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 933 shares during the period. Victory Capital Management Inc. bought a new stake in Trupanion during the fourth quarter worth about $211,000. Dark Forest Capital Management LP acquired a new position in Trupanion during the third quarter worth about $219,000. Finally, Blueshift Asset Management LLC acquired a new position in Trupanion during the fourth quarter worth about $220,000.

Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.