Baillie Gifford & Co. Lowers Stock Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Key Points

• Baillie Gifford & Co. reduced its holdings in Trupanion, Inc. by 3.3%, ending the first quarter with approximately $25.27 million in shares.
• Trupanion reported a revenue increase of 11.7% year-over-year, with an earnings per share (EPS) of ($0.03) for the latest quarter.
• Analysts have mixed ratings for Trupanion, with an average target price of $53.80 and ratings ranging from "hold" to "strong buy."

Baillie Gifford & Co. trimmed its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 678,036 shares of the financial services provider's stock after selling 23,330 shares during the period. Baillie Gifford & Co. owned 1.58% of Trupanion worth $25,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in TRUP. Quarry LP acquired a new stake in shares of Trupanion during the 4th quarter valued at about $39,000. Aster Capital Management DIFC Ltd lifted its stake in Trupanion by 988.5% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock valued at $55,000 after buying an additional 1,028 shares in the last quarter. Coppell Advisory Solutions LLC lifted its stake in Trupanion by 58.3% in the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock valued at $61,000 after buying an additional 460 shares in the last quarter. Bayesian Capital Management LP purchased a new position in Trupanion in the 4th quarter worth approximately $201,000. Finally, Eschler Asset Management LLP purchased a new position in Trupanion in the 4th quarter worth approximately $214,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Lake Street Capital dropped their target price on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Piper Sandler lifted their target price on shares of Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a report on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.80.

Insider Transactions at Trupanion

In other news, COO John R. Gallagher sold 4,000 shares of the 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 sale, the chief operating officer directly owned 26,966 shares in the company, valued at $1,291,671.40. This represents a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $45.86, for a total transaction of $183,440.00. Following the completion of the sale, the chief executive officer owned 118,784 shares in the company, valued at $5,447,434.24. This represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,562 shares of company stock worth $544,870 over the last ninety days. 5.42% of the stock is currently owned by company insiders.

Trupanion Stock Performance

TRUP traded down $0.36 on Wednesday, reaching $47.96. The company had a trading volume of 94,431 shares, compared to its average volume of 599,424. Trupanion, Inc. has a 1 year low of $29.70 and a 1 year high of $57.90. The stock has a market capitalization of $2.05 billion, a PE ratio of -478.84 and a beta of 1.82. 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 stock has a 50-day moving average price of $50.83 and a 200-day moving average price of $43.93.

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

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.