Asher Bearman Sells 10,900 Shares of Trupanion Inc (TRUP) Stock
Trupanion Inc (NYSE:TRUP) insider Asher Bearman sold 10,900 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $22.83, for a total value of $248,847.00. Following the completion of the transaction, the insider now owns 11,539 shares in the company, valued at approximately $263,435.37. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Asher Bearman also recently made the following trade(s):
- On Wednesday, August 9th, Asher Bearman sold 6,600 shares of Trupanion stock. The shares were sold at an average price of $22.86, for a total value of $150,876.00.
Trupanion Inc (TRUP) traded down 0.04% during mid-day trading on Wednesday, reaching $22.56. The company’s stock had a trading volume of 51,059 shares. The firm has a 50-day moving average of $22.90 and a 200-day moving average of $18.31. Trupanion Inc has a 52 week low of $13.71 and a 52 week high of $25.00. The stock’s market capitalization is $676.69 million.
Trupanion (NYSE:TRUP) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.01. The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $57.58 million. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. Trupanion’s quarterly revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the company earned ($0.03) earnings per share. On average, equities research analysts expect that Trupanion Inc will post ($0.10) earnings per share for the current year.
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TRUP has been the topic of a number of recent analyst reports. Canaccord Genuity increased their price objective on Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and set a $19.00 price target on shares of Trupanion in a research note on Friday, July 14th. Northland Securities set a $23.00 price target on Trupanion and gave the stock a “buy” rating in a research note on Thursday, July 6th. Stifel Nicolaus restated a “buy” rating and set a $24.00 price target (up previously from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Finally, BidaskClub downgraded Trupanion from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.50.
Hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB bought a new position in Trupanion during the first quarter valued at approximately $6,399,000. Wellington Management Group LLP raised its position in Trupanion by 71.8% in the first quarter. Wellington Management Group LLP now owns 929,226 shares of the financial services provider’s stock valued at $13,213,000 after buying an additional 388,226 shares during the period. Nine Ten Capital Management LLC raised its position in Trupanion by 53.4% in the first quarter. Nine Ten Capital Management LLC now owns 1,112,380 shares of the financial services provider’s stock valued at $15,818,000 after buying an additional 387,320 shares during the period. Handelsinvest Investeringsforvaltning raised its position in Trupanion by 598.3% in the second quarter. Handelsinvest Investeringsforvaltning now owns 209,500 shares of the financial services provider’s stock valued at $4,689,000 after buying an additional 179,500 shares during the period. Finally, American Century Companies Inc. bought a new position in Trupanion during the second quarter valued at approximately $3,434,000.
Trupanion Company Profile
Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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