Blueshift Asset Management LLC Makes New Investment in Trupanion, Inc. (NASDAQ:TRUP)

Key Points

• Blueshift Asset Management LLC purchased 37,756 shares of Trupanion, Inc. valued at approximately $1.4 million, representing about 0.09% ownership of the company.
• Company insiders, including CFO Fawwad Qureshi and CEO Margaret Tooth, have sold shares recently, indicating a significant decrease in their positions by 41.68% and 3.26%, respectively.
• Trupanion reported a quarterly revenue of $341.98 million, exceeding consensus estimates, while the company is expected to post an EPS of 0.13 for the current year.

Blueshift Asset Management LLC bought a new position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,756 shares of the financial services provider's stock, valued at approximately $1,407,000. Blueshift Asset Management LLC owned 0.09% of Trupanion as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Trupanion by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,596,725 shares of the financial services provider's stock worth $173,362,000 after purchasing an additional 45,653 shares in the last quarter. Marshall Wace LLP lifted its position in Trupanion by 6.9% during the 4th quarter. Marshall Wace LLP now owns 901,645 shares of the financial services provider's stock worth $43,459,000 after acquiring an additional 57,804 shares during the period. Balyasny Asset Management L.P. lifted its position in Trupanion by 368.2% during the 4th quarter. Balyasny Asset Management L.P. now owns 841,254 shares of the financial services provider's stock worth $40,548,000 after acquiring an additional 661,559 shares during the period. Northern Trust Corp lifted its position in Trupanion by 9.0% during the 4th quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider's stock worth $17,749,000 after acquiring an additional 30,549 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in Trupanion by 170.7% during the 4th quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider's stock worth $16,248,000 after acquiring an additional 212,545 shares during the period.

Analyst Upgrades and Downgrades

TRUP has been the topic of several analyst reports. Piper Sandler increased their price target on Trupanion from $52.00 to $62.00 and gave the stock an "overweight" rating in a research report on Thursday, July 3rd. Lake Street Capital cut their price target on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Trupanion currently has an average rating of "Moderate Buy" and an average price target of $53.80.

Trupanion Price Performance

Shares of NASDAQ:TRUP traded up $0.83 during trading on Monday, reaching $47.04. 191,686 shares of the company's stock traded hands, compared to its average volume of 597,111. Trupanion, Inc. has a fifty-two week low of $29.70 and a fifty-two week high of $57.90. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The firm has a market cap of $2.01 billion, a PE ratio of -470.39 and a beta of 1.78. The company has a 50-day simple moving average of $50.99 and a 200-day simple moving average of $43.95.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. Trupanion had a negative return on equity of 1.33% and a negative net margin of 0.32%. The company had revenue of $341.98 million for the quarter, compared to analysts' expectations of $337.81 million. During the same period in the previous year, the firm posted ($0.16) EPS. Trupanion's revenue was up 11.7% compared to the same quarter last year. As a group, analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insiders Place Their Bets

In other Trupanion news, COO John R. Gallagher sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $47.90, for a total value of $191,600.00. Following the transaction, the chief operating officer directly owned 26,966 shares of the company's stock, valued at $1,291,671.40. This trade represents a 12.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $48.31, for a total transaction of $122,417.54. Following the sale, the chief financial officer directly owned 3,545 shares in the company, valued at approximately $171,258.95. The trade was a 41.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,562 shares of company stock valued at $544,870 in the last ninety days. 5.42% of the stock is currently owned by corporate insiders.

Trupanion 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.