Balyasny Asset Management L.P. Increases Stock Position in Trupanion, Inc. (NASDAQ:TRUP)

Balyasny Asset Management L.P. lifted its stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 368.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 841,254 shares of the financial services provider's stock after buying an additional 661,559 shares during the quarter. Balyasny Asset Management L.P. owned about 1.99% of Trupanion worth $40,548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Bayesian Capital Management LP bought a new position in shares of Trupanion in the fourth quarter worth approximately $201,000. BNP Paribas Financial Markets lifted its position in shares of Trupanion by 170.7% in the fourth quarter. BNP Paribas Financial Markets now owns 337,093 shares of the financial services provider's stock valued at $16,248,000 after acquiring an additional 212,545 shares in the last quarter. Algert Global LLC bought a new position in shares of Trupanion in the fourth quarter worth about $637,000. Freestone Grove Partners LP purchased a new stake in shares of Trupanion during the fourth quarter worth about $7,776,000. Finally, PDT Partners LLC raised its stake in Trupanion by 70.0% during the 4th quarter. PDT Partners LLC now owns 30,505 shares of the financial services provider's stock valued at $1,470,000 after purchasing an additional 12,561 shares during the period.

Insider Transactions at Trupanion

In other news, CFO Fawwad Qureshi sold 1,373 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total transaction of $46,984.06. Following the transaction, the chief financial officer now directly owns 2,416 shares of the company's stock, valued at approximately $82,675.52. This trade represents a 36.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brenna Mcgibney sold 5,000 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $32.99, for a total value of $164,950.00. Following the completion of the sale, the insider now owns 3,738 shares of the company's stock, valued at $123,316.62. The trade was a 57.22 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,792 shares of company stock worth $1,122,802. 5.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on TRUP. Lake Street Capital reduced their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Piper Sandler dropped their price objective on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price target on Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $51.80.

Trupanion Trading Up 0.6 %

Shares of Trupanion stock traded up $0.25 on Friday, reaching $44.31. The company had a trading volume of 360,833 shares, compared to its average volume of 646,788. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -192.65, 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. The firm's 50-day moving average price is $36.70 and its two-hundred day moving average price is $44.61. Trupanion, Inc. has a 1 year low of $25.07 and a 1 year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. The business had revenue of $341.98 million for the quarter, compared to analysts' expectations of $337.81 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The business's revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.16) earnings per share. As a group, research analysts predict that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Trupanion 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.