PDT Partners LLC Boosts Holdings in Trupanion, Inc. $TRUP

Key Points

• PDT Partners LLC increased its stake in Trupanion, Inc. by 346.2% in the first quarter, owning 136,110 shares valued at approximately $5.07 million.
• The CFO of Trupanion, Fawwad Qureshi, sold 2,800 shares at an average price of $45.56, lowering his ownership by 30.27%, now holding 6,451 shares.
• Trupanion reported a net margin of 0.81% alongside earnings per share of $0.22, beating analysts' estimates by $0.25 in its latest earnings report.

PDT Partners LLC grew its stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 346.2% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 136,110 shares of the financial services provider's stock after acquiring an additional 105,605 shares during the period. PDT Partners LLC owned about 0.32% of Trupanion worth $5,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Jump Financial LLC raised its stake in shares of Trupanion by 27.5% during the first quarter. Jump Financial LLC now owns 87,673 shares of the financial services provider's stock valued at $3,268,000 after acquiring an additional 18,919 shares in the last quarter. Palisade Capital Management LP raised its stake in shares of Trupanion by 36.7% during the first quarter. Palisade Capital Management LP now owns 244,354 shares of the financial services provider's stock valued at $9,107,000 after acquiring an additional 65,653 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Trupanion by 112.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 273,910 shares of the financial services provider's stock valued at $13,204,000 after acquiring an additional 144,828 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Trupanion by 277.7% during the first quarter. Russell Investments Group Ltd. now owns 34,643 shares of the financial services provider's stock valued at $1,291,000 after acquiring an additional 25,471 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Trupanion by 9.0% during the fourth quarter. Northern Trust Corp now owns 368,236 shares of the financial services provider's stock valued at $17,749,000 after acquiring an additional 30,549 shares in the last quarter.

Analyst Ratings Changes

A number of brokerages have recently issued reports on TRUP. Cantor Fitzgerald upgraded Trupanion to a "hold" rating in a report on Wednesday, August 13th. Piper Sandler boosted their price target on Trupanion from $62.00 to $67.00 and gave the stock an "overweight" rating in a research report on Friday, August 8th. Finally, Stifel Nicolaus boosted their price target on Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Trupanion currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.17.

Trupanion Stock Down 1.3%

Shares of TRUP stock traded down $0.56 during trading hours on Friday, reaching $44.09. 355,284 shares of the company's stock were exchanged, compared to its average volume of 523,486. The stock's 50 day moving average is $48.98 and its 200-day moving average is $43.95. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 169.58 and a beta of 1.72. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. Trupanion, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $57.90.

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

Insiders Place Their Bets

In other news, CFO Fawwad Qureshi sold 2,800 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $45.56, for a total transaction of $127,568.00. Following the sale, the chief financial officer directly owned 6,451 shares of the company's stock, valued at $293,907.56. The trade was a 30.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darryl Rawlings sold 30,369 shares of the business's stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $44.70, for a total transaction of $1,357,494.30. Following the sale, the director directly owned 1,413,281 shares in the company, valued at $63,173,660.70. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 52,800 shares of company stock worth $2,364,335 over the last three months. Corporate insiders own 5.42% of the company's stock.

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.