Trupanion (NASDAQ:TRUP) COO Sells $10,925.85 in Stock

by · The Markets Daily

Trupanion, Inc. (NASDAQ:TRUP – Get Free Report) COO John Gallagher sold 431 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $25.35, for a total transaction of $10,925.85. Following the sale, the chief operating officer owned 32,634 shares in the company, valued at $827,271.90. This represents a 1.30% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trupanion Stock Performance

Shares of NASDAQ:TRUP opened at $26.91 on Friday. Trupanion, Inc. has a 1 year low of $21.16 and a 1 year high of $57.00. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 45.61 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The company’s 50 day simple moving average is $23.69 and its 200 day simple moving average is $28.09.

Trupanion (NASDAQ:TRUP – Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. The firm had revenue of $384.05 million during the quarter, compared to analysts’ expectations of $379.77 million. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same period in the prior year, the company earned ($0.03) earnings per share. As a group, research analysts predict that Trupanion, Inc. will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in Trupanion by 60.6% in the 1st quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock valued at $1,109,000 after acquiring an additional 11,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Trupanion by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock valued at $731,000 after acquiring an additional 858 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Trupanion by 73.5% during the first quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after purchasing an additional 113,490 shares during the period. Invesco Ltd. lifted its holdings in shares of Trupanion by 35.1% during the second quarter. Invesco Ltd. now owns 187,749 shares of the financial services provider’s stock worth $10,392,000 after purchasing an additional 48,781 shares during the period. Finally, Gabelli Funds LLC acquired a new position in shares of Trupanion during the second quarter worth $249,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on TRUP shares. Cantor Fitzgerald reduced their price target on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, April 9th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Bank of America dropped their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Tuesday, April 14th. Finally, Stifel Nicolaus set a $28.00 target price on shares of Trupanion in a research report on Friday, June 26th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Trupanion currently has a consensus rating of “Hold” and a consensus target price of $41.50.

Get Our Latest Analysis on Trupanion

About Trupanion

(Get Free Report)

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.

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