Insider Selling: Trupanion (NASDAQ:TRUP) CFO Sells 4,645 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi sold 4,645 shares of the company’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $25.61, for a total value of $118,958.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Trupanion Price Performance

Shares of TRUP traded down $0.70 during trading hours on Friday, reaching $26.54. 372,424 shares of the company’s stock traded hands, compared to its average volume of 617,031. Trupanion, Inc. has a 12 month low of $25.24 and a 12 month high of $57.88. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a market cap of $1.15 billion, a PE ratio of 58.98 and a beta of 1.58. The firm’s 50 day simple moving average is $32.95 and its 200-day simple moving average is $38.69.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Thursday, February 12th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). Trupanion had a return on equity of 5.39% and a net margin of 1.35%.The company had revenue of $376.85 million during the quarter, compared to the consensus estimate of $375.89 million. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. Equities analysts expect that Trupanion, Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Trupanion

Hedge funds and other institutional investors have recently modified their holdings of the stock. Polar Capital Holdings Plc boosted its holdings in Trupanion by 13.5% during the 4th quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock valued at $55,121,000 after acquiring an additional 175,000 shares during the period. State Street Corp lifted its position in Trupanion by 2.2% in the fourth quarter. State Street Corp now owns 1,290,987 shares of the financial services provider’s stock valued at $48,244,000 after purchasing an additional 27,385 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Trupanion by 4.5% during the fourth quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider’s stock valued at $47,358,000 after purchasing an additional 55,111 shares during the period. Geode Capital Management LLC grew its holdings in shares of Trupanion by 7.0% in the second quarter. Geode Capital Management LLC now owns 860,988 shares of the financial services provider’s stock worth $47,662,000 after purchasing an additional 56,671 shares during the last quarter. Finally, Greenlea Lane Capital Management LLC increased its stake in shares of Trupanion by 1.6% in the fourth quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider’s stock worth $29,017,000 after buying an additional 12,395 shares during the period.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Cantor Fitzgerald dropped their price target on Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Zacks Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Weiss Ratings raised Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 17th. Finally, Stifel Nicolaus cut their target price on Trupanion from $38.00 to $35.00 and set a “hold” rating for the company in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Trupanion has an average rating of “Hold” and an average price target of $45.50.

About Trupanion

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.