Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi Sells 2,534 Shares

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) CFO Fawwad Qureshi sold 2,534 shares of the business's stock in a transaction that occurred on 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 now owns 3,545 shares in the company, valued at approximately $171,258.95. This represents a 41.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Fawwad Qureshi also recently made the following trade(s):

• On Tuesday, May 27th, Fawwad Qureshi sold 828 shares of Trupanion stock. The stock was sold at an average price of $45.53, for a total value of $37,698.84.

Trupanion Trading Up 0.0%

TRUP traded up $0.01 during trading hours on Thursday, reaching $48.16. The company's stock had a trading volume of 157,843 shares, compared to its average volume of 609,004. The stock has a market cap of $2.06 billion, a PE ratio of -209.39, a P/E/G ratio of 6.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. Trupanion, Inc. has a fifty-two week low of $25.90 and a fifty-two week high of $57.90. The business's 50-day moving average is $40.55 and its 200-day moving average is $43.83.

Trupanion (NASDAQ:TRUP - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (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 3.08% and a negative net margin of 0.75%. The firm's quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.16) earnings per share. As a group, equities research analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of Trupanion

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its position in shares of Trupanion by 11.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,234 shares of the financial services provider's stock worth $83,000 after acquiring an additional 235 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of 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 buying an additional 238 shares during the last quarter. Coppell Advisory Solutions LLC grew its holdings in shares of Trupanion by 58.3% during the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider's stock worth $61,000 after buying an additional 460 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Trupanion during the fourth quarter worth about $25,000. Finally, Swiss National Bank grew its holdings in shares of Trupanion by 1.1% during the fourth quarter. Swiss National Bank now owns 66,310 shares of the financial services provider's stock worth $3,196,000 after buying an additional 700 shares during the last quarter.

Wall Street Analysts Forecast Growth

TRUP has been the topic of several recent research reports. Stifel Nicolaus lowered their target price on Trupanion from $44.00 to $41.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Piper Sandler decreased their price objective on Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Finally, Lake Street Capital decreased their price objective on Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Two equities research 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $51.80.

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.