PDT Partners LLC Raises Position in Trupanion, Inc. (NASDAQ:TRUP)

PDT Partners LLC lifted its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 70.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,505 shares of the financial services provider's stock after buying an additional 12,561 shares during the quarter. PDT Partners LLC owned approximately 0.07% of Trupanion worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock worth $27,000 after acquiring an additional 238 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Trupanion by 18.5% during the fourth quarter. GAMMA Investing LLC now owns 1,709 shares of the financial services provider's stock worth $82,000 after buying an additional 267 shares in the last quarter. Coppell Advisory Solutions LLC raised its position in shares of 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. purchased a new position in shares of Trupanion in the fourth quarter worth about $25,000. Finally, Swiss National Bank boosted its position in 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 acquiring an additional 700 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.41, for a total transaction of $454,550.25. Following the completion of the transaction, the senior vice president now directly owns 27,645 shares of the company's stock, valued at $895,974.45. This represents a 33.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Margaret Tooth sold 4,000 shares of the stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $37.17, for a total value of $148,680.00. Following the completion of the transaction, the chief executive officer now owns 118,784 shares of the company's stock, valued at $4,415,201.28. The trade was a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,792 shares of company stock valued at $1,122,802 in the last three months. 5.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Stifel Nicolaus cut their target price on Trupanion from $44.00 to $41.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Lake Street Capital cut their price objective on shares of Trupanion from $65.00 to $60.00 and set a "buy" rating for the company in a research report on Friday. Finally, Piper Sandler decreased their target price on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating on the stock in a report on Thursday, February 20th. Two 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $51.80.

Trupanion Trading Up 23.5 %

Shares of NASDAQ TRUP traded up $8.56 during trading on Friday, reaching $45.00. The stock had a trading volume of 1,622,126 shares, compared to its average volume of 653,911. The business's 50-day moving average price is $35.60 and its 200-day moving average price is $44.88. Trupanion, Inc. has a fifty-two week low of $20.05 and a fifty-two week high of $57.90. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.66 and a current ratio of 1.71. The company has a market cap of $1.91 billion, a P/E ratio of -195.65, a PEG ratio of 6.02 and a beta of 1.66.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company had revenue of $341.98 million for the quarter, compared to analyst estimates of $337.81 million. During the same period in the prior year, the firm earned ($0.16) earnings per share. The business's revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts predict that Trupanion, Inc. will post 0.13 EPS 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.