John Gallagher Sells 430 Shares of Trupanion (NASDAQ:TRUP) Stock

Key Points

• COO John Gallagher sold 430 shares of Trupanion on March 30 at an average price of $25.47 for $10,952.10, trimming his stake by 1.33% to 31,957 shares valued at about $814k.
• Trupanion missed quarterly EPS estimates ($0.13 vs. $0.14) while reporting revenue of $376.85 million, up 11.7% year-over-year.
• Analysts have largely downgraded TRUP recently, leaving a consensus rating of "Hold" with a consensus price target of $44.50.

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) COO John Gallagher sold 430 shares of the stock in a transaction on Monday, March 30th. The shares were sold at an average price of $25.47, for a total transaction of $10,952.10. Following the completion of the sale, the chief operating officer directly owned 31,957 shares of the company's stock, valued at approximately $813,944.79. This trade represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trupanion Stock Performance

Shares of NASDAQ TRUP traded up $0.20 during mid-day trading on Thursday, hitting $25.64. The company had a trading volume of 46,865 shares, compared to its average volume of 462,487. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.69. The business's 50-day simple moving average is $28.46 and its 200-day simple moving average is $35.39. Trupanion, Inc. has a 12 month low of $24.32 and a 12 month high of $57.88. The firm has a market cap of $1.11 billion, a P/E ratio of 56.98 and a beta of 1.66.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $376.85 million for the quarter, compared to analyst estimates of $375.89 million. Trupanion had a return on equity of 5.39% and a net margin of 1.35%.Trupanion's revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. As a group, analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have issued reports on TRUP shares. Weiss Ratings lowered Trupanion from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, March 4th. Stifel Nicolaus dropped their target price on shares of Trupanion from $35.00 to $31.00 and set a "hold" rating for the company in a research report on Tuesday. Zacks Research downgraded shares of Trupanion from a "strong-buy" rating to a "hold" rating in a report on Friday, February 13th. Cantor Fitzgerald reduced their price target on shares of Trupanion from $50.00 to $42.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 14th. Finally, Wall Street Zen cut shares of Trupanion from a "buy" rating to a "hold" rating in a research note on Saturday, December 6th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $44.50.

Institutional Investors Weigh In On Trupanion

Several hedge funds and other institutional investors have recently made changes to their positions in TRUP. Millennium Management LLC lifted its position in Trupanion by 185.8% during the 3rd quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider's stock valued at $26,790,000 after purchasing an additional 402,421 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Trupanion by 116.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider's stock valued at $17,826,000 after buying an additional 256,559 shares during the period. Two Sigma Investments LP boosted its stake in Trupanion by 3,201.0% in the third quarter. Two Sigma Investments LP now owns 224,433 shares of the financial services provider's stock valued at $9,713,000 after acquiring an additional 217,634 shares during the last quarter. Polar Capital Holdings Plc grew its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider's stock worth $55,121,000 after acquiring an additional 175,000 shares during the period. Finally, Marshall Wace LLP raised its position in shares of Trupanion by 15.5% during the 3rd quarter. Marshall Wace LLP now owns 1,212,151 shares of the financial services provider's stock valued at $52,462,000 after acquiring an additional 163,101 shares during the last quarter.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company's core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.

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