Insider Selling: Trupanion (NASDAQ:TRUP) COO Sells 430 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 430 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were sold at an average price of $37.55, for a total transaction of $16,146.50. Following the completion of the transaction, the chief operating officer owned 32,291 shares in the company, valued at $1,212,527.05. The trade was a 1.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Trupanion Price Performance

TRUP stock traded up $0.43 during trading on Tuesday, hitting $38.17. The company had a trading volume of 369,488 shares, compared to its average volume of 364,861. Trupanion, Inc. has a fifty-two week low of $31.00 and a fifty-two week high of $57.88. The company has a market cap of $1.65 billion, a P/E ratio of 106.03 and a beta of 1.62. The company has a fifty day moving average price of $38.18 and a two-hundred day moving average price of $44.33. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Thursday, November 6th. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.76). The firm had revenue of $366.92 million for the quarter, compared to the consensus estimate of $361.58 million. Trupanion had a return on equity of 4.48% and a net margin of 1.10%.The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 earnings per share. Equities research analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trupanion

A number of large investors have recently added to or reduced their stakes in the stock. Federated Hermes Inc. acquired a new stake in shares of Trupanion in the 3rd quarter valued at $33,000. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Trupanion in the 3rd quarter valued at $39,000. Nisa Investment Advisors LLC raised its position in shares of Trupanion by 44.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 300 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of Trupanion by 940.6% during the 1st quarter. AlphaQuest LLC now owns 1,051 shares of the financial services provider’s stock worth $39,000 after buying an additional 950 shares in the last quarter. Finally, Kelleher Financial Advisors bought a new stake in shares of Trupanion during the third quarter worth about $74,000.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on TRUP shares. Wall Street Zen cut Trupanion from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research note on Monday. Stifel Nicolaus dropped their price objective on shares of Trupanion from $45.00 to $42.00 and set a “hold” rating on the stock in a report on Tuesday, November 18th. Finally, Piper Sandler reduced their target price on shares of Trupanion from $67.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.25.

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.