Bayforest Capital Ltd Boosts Holdings in Trupanion, Inc. $TRUP

Key Points

• Bayforest Capital Ltd significantly increased its stake in Trupanion, Inc. by 627.4% during Q1, acquiring a total of 28,457 shares valued at approximately $1,061,000.
• Trupanion reported better-than-expected quarterly earnings, with an EPS of $0.22 compared to analysts' estimates of ($0.03), and revenue of $353.56 million, a 12.3% increase year-over-year.
• Analysts have a "Moderate Buy" rating for Trupanion, with an average price target of $54.17, indicating potential for growth in the stock's value.

Bayforest Capital Ltd boosted its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 627.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 28,457 shares of the financial services provider's stock after acquiring an additional 24,545 shares during the period. Trupanion accounts for about 0.5% of Bayforest Capital Ltd's investment portfolio, making the stock its 28th largest position. Bayforest Capital Ltd owned about 0.07% of Trupanion worth $1,061,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC grew its stake in Trupanion by 940.6% in the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 950 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Trupanion by 11.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after purchasing an additional 235 shares during the last quarter. Occudo Quantitative Strategies LP acquired a new stake in shares of Trupanion during the 4th quarter worth about $227,000. Gotham Asset Management LLC acquired a new stake in shares of Trupanion during the 4th quarter worth about $234,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Trupanion during the 1st quarter worth about $243,000.

Insider Activity at Trupanion

In related news, Director Darryl Rawlings sold 30,369 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $63,173,660.70. This trade represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 2,800 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 6,451 shares in the company, valued at $293,907.56. The trade was a 30.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,800 shares of company stock worth $2,364,335 in the last 90 days. 5.42% of the stock is currently owned by insiders.

Trupanion Trading Up 0.1%

Shares of TRUP stock traded up $0.04 during trading hours on Friday, hitting $43.50. 388,500 shares of the company were exchanged, compared to its average volume of 423,659. The firm has a market cap of $1.87 billion, a PE ratio of 167.31 and a beta of 1.72. Trupanion, Inc. has a 1 year low of $31.00 and a 1 year high of $57.90. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average of $48.00 and a 200 day moving average of $44.25.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $346.73 million. During the same period in the prior year, the firm posted ($0.14) EPS. The company's revenue was up 12.3% on a year-over-year basis. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TRUP has been the topic of several analyst reports. Piper Sandler raised their price target on shares of Trupanion from $62.00 to $67.00 and gave the stock an "overweight" rating in a research note on Friday, August 8th. Cantor Fitzgerald raised shares of Trupanion to a "hold" rating in a research note on Wednesday, August 13th. Finally, Stifel Nicolaus raised their price target on shares of Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Trupanion currently has an average rating of "Moderate Buy" and an average target price of $54.17.

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.