Banque Pictet & Cie SA Buys New Holdings in Trupanion, Inc. (NASDAQ:TRUP)

Banque Pictet & Cie SA purchased a new stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,792 shares of the financial services provider's stock, valued at approximately $439,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 238 shares during the last quarter. Coppell Advisory Solutions LLC raised its position in shares of Trupanion by 58.3% during the 4th quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 460 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion during the 4th quarter valued at $25,000. Swiss National Bank raised its position in shares of Trupanion by 1.1% during the 4th quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock valued at $3,196,000 after acquiring an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Trupanion by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,745 shares of the financial services provider's stock valued at $904,000 after acquiring an additional 717 shares during the last quarter.

Insider Buying and Selling

In other news, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 118,784 shares in the company, valued at $5,447,434.24. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO John R. Gallagher sold 4,000 shares of the stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $47.90, for a total transaction of $191,600.00. Following the transaction, the chief operating officer owned 26,966 shares of the company's stock, valued at approximately $1,291,671.40. This represents a 12.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,562 shares of company stock valued at $678,230. Company insiders own 5.42% of the company's stock.

Trupanion Stock Up 2.2%

NASDAQ TRUP traded up $1.10 on Monday, reaching $50.86. The company had a trading volume of 649,524 shares, compared to its average volume of 618,163. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -508.55 and a beta of 1.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.70 and a current ratio of 1.70. Trupanion, Inc. has a 1-year low of $29.70 and a 1-year high of $57.90. The company's fifty day moving average is $49.68 and its 200-day moving average is $43.72.

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

Analyst Upgrades and Downgrades

Several analysts have commented 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 research report on Friday, May 2nd. Piper Sandler upped their price objective on shares of Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a research report on Thursday, July 3rd. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Trupanion has a consensus rating of "Moderate Buy" and an average price target of $53.80.

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.