John Gallagher Sells 3,603 Shares of Trupanion (NASDAQ:TRUP) Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 3,603 shares of Trupanion stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $21.69, for a total value of $78,149.07. Following the transaction, the chief operating officer owned 33,065 shares in the company, valued at $717,179.85. This trade represents a 9.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Trupanion Stock Up 2.0%

Shares of NASDAQ:TRUP traded up $0.44 during trading on Monday, hitting $22.26. 403,304 shares of the company’s stock traded hands, compared to its average volume of 383,093. Trupanion, Inc. has a 52 week low of $21.16 and a 52 week high of $57.88. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The company has a market cap of $970.98 million, a price-to-earnings ratio of 37.73 and a beta of 1.45. The company has a 50-day moving average price of $24.86 and a 200-day moving average price of $30.16.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.04. The business had revenue of $384.05 million for the quarter, compared to analyst estimates of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The firm’s revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.03) EPS. As a group, research analysts forecast that Trupanion, Inc. will post 0.53 EPS for the current fiscal year.

Hedge Funds Weigh In On Trupanion

A number of institutional investors have recently modified their holdings of the business. Liontrust Investment Partners LLP raised its holdings in shares of Trupanion by 23.8% during the 1st quarter. Liontrust Investment Partners LLP now owns 60,650 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 11,658 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of Trupanion by 54.0% during the 1st quarter. California State Teachers Retirement System now owns 48,288 shares of the financial services provider’s stock worth $1,237,000 after buying an additional 16,930 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Trupanion by 165.5% during the 1st quarter. Quantinno Capital Management LP now owns 24,712 shares of the financial services provider’s stock worth $633,000 after buying an additional 15,404 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Trupanion by 550.0% during the 1st quarter. Renaissance Technologies LLC now owns 39,000 shares of the financial services provider’s stock worth $999,000 after buying an additional 33,000 shares in the last quarter. Finally, Inceptionr LLC acquired a new position in Trupanion in the 1st quarter worth about $416,000.

Wall Street Analysts Forecast Growth

TRUP has been the subject of several recent research reports. Weiss Ratings downgraded Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, March 4th. Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Piper Sandler reduced their price target on Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus reduced their price target on Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Finally, Bank of America reduced their price target on Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $42.25.

Trupanion Company Profile

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.