Trupanion (NASDAQ:TRUP) Stock Price Down 4.9% After Insider Selling

Trupanion, Inc. (NASDAQ:TRUP - Get Free Report)'s share price traded down 4.9% during trading on Monday after an insider sold shares in the company. The stock traded as low as $44.52 and last traded at $44.86. 84,264 shares traded hands during trading, a decline of 86% from the average session volume of 607,133 shares. The stock had previously closed at $47.19.

Specifically, COO John R. Gallagher sold 4,000 shares of the business's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $47.90, for a total transaction of $191,600.00. Following the sale, the chief operating officer now directly owns 26,966 shares in the company, valued at approximately $1,291,671.40. The trade was a 12.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Fawwad Qureshi sold 2,534 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $48.31, for a total value of $122,417.54. Following the completion of the sale, the chief financial officer now owns 3,545 shares in the company, valued at $171,258.95. This represents a 41.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In other Trupanion news, CFO Fawwad Qureshi sold 828 shares of the company's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $45.53, for a total transaction of $37,698.84. Following the completion of the sale, the chief financial officer now directly owns 6,079 shares in the company, valued at $276,776.87. This represents a 11.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

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

Trupanion Trading Down 1.2%

The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -206.87, a PEG ratio of 6.02 and a beta of 1.72. The firm has a 50-day moving average price of $40.55 and a 200-day moving average price of $43.83. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its 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. The business had revenue of $341.98 million for the quarter, compared to analysts' expectations of $337.81 million. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.16) EPS. As a group, sell-side analysts predict that Trupanion, Inc. will post 0.13 EPS for the current year.

Institutional Trading of Trupanion

Several large investors have recently made changes to their positions in TRUP. SBI Securities Co. Ltd. bought a new stake in shares of Trupanion during the 4th quarter worth about $25,000. Jones Financial Companies Lllp raised its holdings in Trupanion by 71.7% in the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider's stock valued at $27,000 after acquiring an additional 238 shares in the last quarter. Quarry LP acquired a new position in shares of Trupanion in the 4th quarter worth approximately $39,000. AlphaQuest LLC raised its holdings in shares of Trupanion by 940.6% in the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider's stock worth $39,000 after buying an additional 950 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd grew its position in Trupanion by 988.5% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider's stock worth $55,000 after acquiring an additional 1,028 shares during the last quarter.

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.