Insider Selling: Trupanion (NASDAQ:TRUP) CEO Sells $25,000.00 in Stock

Trupanion, Inc. (NASDAQ:TRUP) CEO Margaret Tooth sold 1,000 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $25.00, for a total value of $25,000.00. Following the transaction, the chief executive officer directly owned 185,952 shares in the company, valued at approximately $4,648,800. This represents a 0.53% decrease in their position. The sale was disclosed in a legal 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.

Margaret Tooth also recently made the following trade(s):

• On Tuesday, August 25th, Margaret Tooth sold 491 shares of Trupanion stock. The stock was sold at an average price of $31.84, for a total value of $15,633.44.
• On Tuesday, August 11th, Margaret Tooth sold 978 shares of Trupanion stock. The stock was sold at an average price of $29.05, for a total value of $28,410.90.

Trupanion Stock Performance

Shares of TRUP stock opened at $25.63 on Friday. Trupanion, Inc. has a 12 month low of $21.16 and a 12 month high of $46.98. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $27.36 and its two-hundred day moving average is $25.75. The company has a market cap of $1.12 billion, a PE ratio of 48.36, a price-to-earnings-growth ratio of 1.73 and a beta of 1.45.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $392.93 million during the quarter, compared to analysts’ expectations of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. Trupanion’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 earnings per share. Equities analysts predict that Trupanion, Inc. will post 0.63 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on TRUP shares. Piper Sandler cut Trupanion from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $45.00 to $32.00 in a research report on Wednesday, August 26th. Stifel Nicolaus raised their target price on Trupanion from $28.00 to $29.00 and gave the company a “hold” rating in a report on Thursday, August 20th. Atlantic Securities set a $42.00 price target on Trupanion in a research report on Wednesday, July 15th. Weiss Ratings lowered Trupanion from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, September 10th. Finally, Zacks Research cut Trupanion from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $39.20.

Hedge Funds Weigh In On Trupanion

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. WINTON GROUP Ltd lifted its position in shares of Trupanion by 25.2% in the 2nd quarter. WINTON GROUP Ltd now owns 47,749 shares of the financial services provider’s stock worth $1,183,000 after acquiring an additional 9,596 shares during the period. Squarepoint Ops LLC increased its position in shares of Trupanion by 0.7% during the second quarter. Squarepoint Ops LLC now owns 71,382 shares of the financial services provider’s stock valued at $1,768,000 after purchasing an additional 482 shares during the period. Arizona State Retirement System raised its stake in shares of Trupanion by 7.7% in the second quarter. Arizona State Retirement System now owns 9,587 shares of the financial services provider’s stock valued at $237,000 after purchasing an additional 688 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of Trupanion in the second quarter valued at $1,679,000. Finally, Bank of America Corp DE bought a new position in Trupanion in the second quarter worth $14,262,000.

About Trupanion

Trupanion, Inc is a pet insurance company that provides medical coverage for cats and dogs. Its subscription-based policies are designed to help pet owners manage the cost of eligible veterinary care, including coverage for unexpected illnesses and injuries. Depending on the policy and jurisdiction, coverage may include diagnostic tests, surgeries, hospital stays and prescription medications, subject to applicable terms, exclusions and deductibles.

The company also develops technology intended to simplify the relationship between pet owners, veterinarians and insurers.