Squarepoint Ops LLC Invests $884,000 in Trupanion, Inc. (NASDAQ:TRUP)


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Squarepoint Ops LLC acquired a new position in Trupanion, Inc. (NASDAQ:TRUP) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,384 shares of the financial services provider’s stock, valued at approximately $884,000.

Several other hedge funds have also bought and sold shares of the company. Morgan Stanley raised its position in shares of Trupanion by 29.4% in the 4th quarter. Morgan Stanley now owns 494,665 shares of the financial services provider’s stock worth $59,217,000 after acquiring an additional 112,286 shares in the last quarter. Tudor Investment Corp Et Al bought a new stake in Trupanion in the 4th quarter valued at about $696,000. Nuveen Asset Management LLC increased its position in Trupanion by 1.3% in the 4th quarter. Nuveen Asset Management LLC now owns 366,133 shares of the financial services provider’s stock valued at $43,829,000 after buying an additional 4,863 shares in the last quarter. Guggenheim Capital LLC bought a new stake in Trupanion in the 4th quarter valued at about $1,375,000. Finally, Price T Rowe Associates Inc. MD increased its position in Trupanion by 56.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 21,073 shares of the financial services provider’s stock valued at $2,523,000 after buying an additional 7,576 shares in the last quarter. 89.43% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently commented on the company. Canaccord Genuity boosted their target price on Trupanion from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Thursday, February 11th. Zacks Investment Research lowered Trupanion from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 16th. Evercore ISI assumed coverage on Trupanion in a report on Monday. They set an “outperform” rating and a $100.00 price objective for the company. Finally, Lake Street Capital boosted their price objective on Trupanion from $85.00 to $150.00 and gave the stock a “buy” rating in a report on Thursday, February 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $86.57.

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction on Friday, January 8th. The shares were sold at an average price of $121.16, for a total transaction of $484,640.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Gavin Friedman sold 400 shares of the business’s stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $77.69, for a total transaction of $31,076.00. Following the sale, the insider now directly owns 941 shares in the company, valued at approximately $73,106.29. The disclosure for this sale can be found here. Insiders have sold a total of 146,062 shares of company stock worth $14,745,514 in the last three months. Insiders own 13.61% of the company’s stock.

Trupanion stock opened at $72.00 on Thursday. Trupanion, Inc. has a 12 month low of $24.85 and a 12 month high of $126.53. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.21. The business’s 50 day simple moving average is $88.16 and its 200 day simple moving average is $96.90. The company has a market cap of $2.84 billion, a price-to-earnings ratio of -1,799.55 and a beta of 2.01.

Trupanion (NASDAQ:TRUP) last posted its quarterly earnings data on Wednesday, February 10th. The financial services provider reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.05). Trupanion had a negative net margin of 0.37% and a negative return on equity of 1.22%. The firm had revenue of $142.70 million during the quarter, compared to analysts’ expectations of $139.24 million. During the same quarter in the previous year, the company posted $0.02 EPS. Trupanion’s revenue for the quarter was up 35.3% on a year-over-year basis. As a group, equities research analysts forecast that Trupanion, Inc. will post -0.09 earnings per share for the current fiscal year.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on monthly subscription basis in the United States, Canada, Puerto Rico, and Australia. The company operates through Subscription Business and Other Business segments. It serves pet owners and veterinarians. The company was formerly known as Vetinsurance International, Inc changed its name to Trupanion, Inc in 2013.

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Institutional Ownership by Quarter for Trupanion (NASDAQ:TRUP)

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