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

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

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

Analysts Set New Price Targets

TRUP has been the subject of a number of analyst reports. Piper Sandler reduced their target price on shares of Trupanion from $57.00 to $52.00 and set an "overweight" rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus cut their price target on Trupanion from $44.00 to $41.00 and set a "hold" 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 for the company 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $51.80.

Trupanion Stock Up 4.0%

The stock has a market cap of $2.12 billion, a P/E ratio of -215.04, a price-to-earnings-growth ratio of 6.02 and a beta of 1.72. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39. The stock's 50-day moving average is $40.75 and its 200-day moving average is $43.80.

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 (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $341.98 million during the quarter, compared to analysts' expectations of $337.81 million. During the same period last year, the firm posted ($0.16) earnings per share. The business's revenue was up 11.7% on a year-over-year basis. As a group, research analysts anticipate that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Trupanion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUP. Inspire Investing LLC lifted its holdings in shares of Trupanion by 11.3% in the first quarter. Inspire Investing LLC now owns 9,292 shares of the financial services provider's stock valued at $346,000 after buying an additional 940 shares during the period. Bayforest Capital Ltd raised its position in Trupanion by 627.4% in the first quarter. Bayforest Capital Ltd now owns 28,457 shares of the financial services provider's stock worth $1,061,000 after acquiring an additional 24,545 shares in the last quarter. Millennium Management LLC lifted its holdings in Trupanion by 73.5% in the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider's stock valued at $9,987,000 after acquiring an additional 113,490 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Trupanion by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider's stock valued at $731,000 after purchasing an additional 858 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of Trupanion by 2,029.0% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 303,550 shares of the financial services provider's stock worth $11,313,000 after purchasing an additional 289,292 shares in the last quarter.

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.