Trupanion, Inc. (NASDAQ:TRUP) Shares Sold by Baillie Gifford & Co.

Baillie Gifford & Co. cut its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 0.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 696,250 shares of the financial services provider’s stock after selling 1,119 shares during the period. Baillie Gifford & Co.’s holdings in Trupanion were worth $19,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. 8 Knots Management LLC acquired a new position in shares of Trupanion during the 4th quarter valued at about $21,165,000. Nordea Investment Management AB grew its stake in Trupanion by 247.4% during the 4th quarter. Nordea Investment Management AB now owns 37,268 shares of the financial services provider’s stock worth $1,126,000 after buying an additional 26,540 shares during the last quarter. Seven Eight Capital LP acquired a new position in shares of Trupanion in the 4th quarter valued at $1,399,000. Quest Partners LLC acquired a new position in Trupanion in the fourth quarter valued at $67,000. Finally, Trexquant Investment LP raised its stake in Trupanion by 177.0% during the 4th quarter. Trexquant Investment LP now owns 76,775 shares of the financial services provider’s stock valued at $2,342,000 after acquiring an additional 49,062 shares during the last quarter.

Insider Activity at Trupanion

In related news, CEO Darryl Rawlings bought 20,700 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were acquired at an average cost of $24.14 per share, for a total transaction of $499,698.00. Following the acquisition, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Steve Weinrauch sold 1,000 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $29.35, for a total transaction of $29,350.00. Following the completion of the sale, the executive vice president now directly owns 55,896 shares of the company’s stock, valued at approximately $1,640,547.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Darryl Rawlings acquired 20,700 shares of Trupanion stock in a transaction dated Tuesday, May 7th. The stock was acquired at an average cost of $24.14 per share, with a total value of $499,698.00. Following the completion of the transaction, the chief executive officer now directly owns 614,842 shares of the company’s stock, valued at approximately $14,842,285.88. The disclosure for this purchase can be found here. Insiders sold 5,325 shares of company stock valued at $144,586 over the last 90 days. 5.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

TRUP has been the topic of a number of analyst reports. Canaccord Genuity Group decreased their price target on Trupanion from $40.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Bank of America upgraded Trupanion from a “neutral” rating to a “buy” rating and increased their target price for the company from $35.00 to $49.00 in a report on Thursday, May 16th. Finally, Piper Sandler boosted their price objective on shares of Trupanion from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Friday, June 28th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.40.

Trupanion Trading Down 0.4 %

Shares of Trupanion stock traded down $0.12 during trading hours on Friday, reaching $28.68. The company’s stock had a trading volume of 232,770 shares, compared to its average volume of 463,368. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.42. The company’s 50 day simple moving average is $27.71 and its 200 day simple moving average is $27.50. Trupanion, Inc. has a one year low of $19.14 and a one year high of $36.66.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.02. Trupanion had a negative return on equity of 9.03% and a negative net margin of 2.31%. The business had revenue of $306.12 million during the quarter, compared to the consensus estimate of $300.51 million. During the same period in the previous year, the firm posted ($0.60) earnings per share. The business’s revenue was up 19.4% on a year-over-year basis. Analysts forecast that Trupanion, Inc. will post -0.46 earnings per share for the current year.

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.