Trupanion, Inc. (NASDAQ:TRUP) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 4.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193,231 shares of the financial services provider's stock after selling 9,127 shares during the period. Bank of New York Mellon Corp owned 0.45% of Trupanion worth $7,202,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in TRUP. Raymond James Financial Inc. bought a new stake in Trupanion in the fourth quarter worth about $593,000. Swiss National Bank lifted its stake in Trupanion by 1.1% in the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock worth $3,196,000 after purchasing an additional 700 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Trupanion by 13.4% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,345 shares of the financial services provider's stock worth $788,000 after purchasing an additional 1,928 shares during the last quarter. Quantbot Technologies LP bought a new stake in Trupanion in the fourth quarter worth about $1,499,000. Finally, American Century Companies Inc. bought a new stake in Trupanion in the fourth quarter worth about $1,111,000.

Insiders Place Their Bets

In other Trupanion news, COO John R. Gallagher sold 4,000 shares of Trupanion stock in a transaction 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 approximately $1,291,671.40. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $48.31, for a total transaction of $122,417.54. Following the completion of the transaction, the chief financial officer directly owned 3,545 shares in the company, valued at $171,258.95. This represents a 41.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,562 shares of company stock valued at $544,870. 5.42% of the stock is currently owned by insiders.

Trupanion Stock Up 1.6%

TRUP stock traded up $0.79 during trading on Friday, hitting $49.81. 300,702 shares of the company's stock traded hands, compared to its average volume of 570,788. The firm has a market capitalization of $2.13 billion, a P/E ratio of -498.05 and a beta of 1.82. The business has a fifty day simple moving average of $50.70 and a two-hundred day simple moving average of $43.88. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. Trupanion, Inc. has a 1 year low of $29.70 and a 1 year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings results 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 net margin of 0.32% and a negative return on equity of 1.33%. The business had revenue of $341.98 million for the quarter, compared to analyst estimates of $337.81 million. During the same period in the previous year, the company earned ($0.16) earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts anticipate that Trupanion, Inc. will post 0.13 EPS for the current year.

Wall Street Analyst Weigh In

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

About Trupanion

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.