Trupanion, Inc. (NASDAQ:TRUP) Stake Boosted by Palisade Capital Management LP

Palisade Capital Management LP increased its position in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 36.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 244,354 shares of the financial services provider's stock after purchasing an additional 65,653 shares during the quarter. Palisade Capital Management LP owned 0.58% of Trupanion worth $9,107,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in Trupanion by 71.7% during the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after purchasing an additional 238 shares during the last quarter. Coppell Advisory Solutions LLC lifted its stake in Trupanion by 58.3% in the fourth 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 during the last quarter. SBI Securities Co. Ltd. bought a new stake in Trupanion in the fourth quarter valued at $25,000. 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 valued at $3,196,000 after buying an additional 700 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Trupanion by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,745 shares of the financial services provider's stock valued at $904,000 after buying an additional 717 shares during the last quarter.

Analysts Set New Price Targets

TRUP has been the topic of a number of recent research reports. Piper Sandler raised their target price on Trupanion from $52.00 to $62.00 and gave the company an "overweight" rating in a research note on Thursday. Lake Street Capital cut their target price on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $53.80.

Insider Buying and Selling

In related news, CEO Margaret Tooth sold 4,000 shares of Trupanion stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $45.86, for a total transaction of $183,440.00. Following the transaction, the chief executive officer directly owned 118,784 shares of the company's stock, valued at $5,447,434.24. The trade was a 3.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 2,534 shares of Trupanion stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $48.31, for a total value of $122,417.54. Following the transaction, the chief financial officer directly owned 3,545 shares in the company, valued at approximately $171,258.95. The trade was a 41.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 15,562 shares of company stock valued at $678,230 over the last three months. Company insiders own 5.42% of the company's stock.

Trupanion Stock Performance

Shares of TRUP traded up $0.17 during trading hours on Friday, reaching $52.13. 630,495 shares of the company's stock traded hands, compared to its average volume of 616,338. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of -521.25 and a beta of 1.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.70. Trupanion, Inc. has a twelve month low of $27.40 and a twelve month high of $57.90. The business's fifty day simple moving average is $48.39 and its two-hundred day simple moving average is $43.78.

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