Trupanion (NASDAQ:TRUP) COO John Gallagher Sells 430 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 430 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $25.47, for a total value of $10,952.10. Following the completion of the sale, the chief operating officer owned 31,957 shares of the company’s stock, valued at $813,944.79. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Trupanion Trading Up 0.8%

Shares of NASDAQ:TRUP opened at $25.65 on Friday. The business’s 50 day moving average price is $28.32 and its 200-day moving average price is $35.32. Trupanion, Inc. has a 1 year low of $24.32 and a 1 year high of $57.88. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 57.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 1.69.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on TRUP shares. Stifel Nicolaus reduced their price target on shares of Trupanion from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Tuesday. Cantor Fitzgerald cut their price objective on Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Weiss Ratings cut Trupanion from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, March 4th. Zacks Research downgraded Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Finally, Piper Sandler lowered their price target on Trupanion from $60.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, February 13th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Trupanion presently has an average rating of “Hold” and a consensus target price of $44.50.

Hedge Funds Weigh In On Trupanion

Several hedge funds and other institutional investors have recently modified their holdings of TRUP. Campbell & CO Investment Adviser LLC acquired a new position in shares of Trupanion during the 3rd quarter worth approximately $3,772,000. GSA Capital Partners LLP increased its holdings in shares of Trupanion by 827.3% in the third quarter. GSA Capital Partners LLP now owns 44,584 shares of the financial services provider’s stock valued at $1,930,000 after purchasing an additional 39,776 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in shares of Trupanion by 183.7% in the third quarter. Tudor Investment Corp ET AL now owns 237,125 shares of the financial services provider’s stock valued at $10,263,000 after purchasing an additional 153,530 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Trupanion by 66.7% during the second quarter. JPMorgan Chase & Co. now owns 161,781 shares of the financial services provider’s stock worth $8,955,000 after buying an additional 64,704 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in Trupanion during the third quarter worth $1,897,000.

Trupanion Company Profile

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.