John Gallagher Sells 5,283 Shares of Trupanion (NASDAQ:TRUP) Stock

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 5,283 shares of Trupanion stock in a transaction on Friday, February 27th. The stock was sold at an average price of $26.52, for a total value of $140,105.16. Following the sale, the chief operating officer owned 32,387 shares in the company, valued at $858,903.24. The trade was a 14.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Trupanion Price Performance

TRUP opened at $28.01 on Thursday. Trupanion, Inc. has a fifty-two week low of $25.24 and a fifty-two week high of $57.88. The firm has a 50-day moving average of $32.32 and a 200 day moving average of $38.14. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $1.22 billion, a P/E ratio of 62.25 and a beta of 1.62.

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

Analyst Ratings Changes

TRUP has been the subject of a number of recent research reports. Piper Sandler decreased their target price on Trupanion from $60.00 to $45.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Zacks Research lowered Trupanion from a “strong-buy” rating to a “hold” rating in a report on Friday, February 13th. Weiss Ratings upgraded Trupanion from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 17th. Wall Street Zen lowered shares of Trupanion from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. Finally, Cantor Fitzgerald reduced their target price on shares of Trupanion from $50.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, January 14th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.50.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in TRUP. Royal Bank of Canada increased its position in shares of Trupanion by 60.6% during the first quarter. Royal Bank of Canada now owns 29,763 shares of the financial services provider’s stock valued at $1,109,000 after buying an additional 11,233 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Trupanion by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,603 shares of the financial services provider’s stock worth $731,000 after acquiring an additional 858 shares during the period. Millennium Management LLC lifted its stake in Trupanion by 73.5% in the 1st quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider’s stock worth $9,987,000 after purchasing an additional 113,490 shares in the last quarter. AlphaQuest LLC lifted its stake in Trupanion by 181.4% in the 2nd quarter. AlphaQuest LLC now owns 2,957 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 1,906 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in Trupanion by 44.1% in the 2nd quarter. Nisa Investment Advisors LLC now owns 980 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 300 shares during the period.

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.