Bayforest Capital Ltd Sells 10,429 Shares of Trupanion, Inc. $TRUP

Key Points

• Bayforest Capital Ltd reduced its holdings in Trupanion, Inc. by 36.6%, selling 10,429 shares during the second quarter and retaining a total of 18,028 shares valued at approximately $998,000.
• Several hedge funds increased their positions in Trupanion, with AlphaQuest LLC raising its stake by 940.6% and GAMMA Investing LLC boosting theirs by 30.1% in the second quarter.
• Trupanion's recent earnings report revealed an EPS of $0.22, surpassing analysts' expectations, along with a significant 12.3% revenue increase year-over-year.

Bayforest Capital Ltd trimmed its position in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 36.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,028 shares of the financial services provider's stock after selling 10,429 shares during the period. Bayforest Capital Ltd's holdings in Trupanion were worth $998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC increased its holdings in Trupanion by 940.6% during the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock worth $39,000 after purchasing an additional 950 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Trupanion by 30.1% in the 2nd quarter. GAMMA Investing LLC now owns 2,133 shares of the financial services provider's stock worth $118,000 after buying an additional 494 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Trupanion by 11.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after buying an additional 235 shares during the last quarter. Lake Hills Wealth Management LLC purchased a new position in shares of Trupanion in the 2nd quarter worth approximately $204,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Trupanion in the 1st quarter worth approximately $243,000.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus boosted their target price on Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Piper Sandler upped their price objective on Trupanion from $62.00 to $67.00 and gave the company an "overweight" rating in a research note on Friday, August 8th. Weiss Ratings reiterated a "hold (c-)" rating on shares of Trupanion in a research note on Wednesday, October 8th. Finally, Cantor Fitzgerald upgraded Trupanion to a "hold" rating in a research note on Wednesday, August 13th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Trupanion currently has a consensus rating of "Hold" and an average price target of $53.80.

Trupanion Trading Down 0.1%

Shares of TRUP stock opened at $41.26 on Tuesday. The company's fifty day simple moving average is $45.29 and its two-hundred day simple moving average is $45.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.69 and a quick ratio of 1.69. Trupanion, Inc. has a 1 year low of $31.00 and a 1 year high of $57.90. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of 158.70 and a beta of 1.83.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.25. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. The business had revenue of $353.56 million for the quarter, compared to analysts' expectations of $346.73 million. During the same quarter in the previous year, the firm posted ($0.14) EPS. The business's revenue for the quarter was up 12.3% compared to the same quarter last year. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, analysts anticipate that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insider Transactions at Trupanion

In other news, Director Darryl Rawlings sold 30,369 shares of the company's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $44.70, for a total value of $1,357,494.30. Following the transaction, the director owned 1,413,281 shares of the company's stock, valued at approximately $63,173,660.70. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Fawwad Qureshi sold 2,800 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $45.56, for a total transaction of $127,568.00. Following the completion of the transaction, the chief financial officer directly owned 6,451 shares in the company, valued at approximately $293,907.56. The trade was a 30.27% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 61,761 shares of company stock valued at $2,739,621. 5.42% of the stock is currently owned by company insiders.

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.

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