Trupanion, Inc. (NASDAQ:TRUP) CFO Sells $32,723.42 in Stock

Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi sold 622 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the completion of the sale, the chief financial officer now directly owns 9,867 shares in the company, valued at approximately $519,102.87. This trade represents a 5.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Trupanion Stock Performance

NASDAQ:TRUP traded down $0.85 during trading hours on Wednesday, hitting $53.50. 365,027 shares of the company traded hands, compared to its average volume of 677,237. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of -167.19 and a beta of 1.69. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90. The firm has a 50-day moving average of $49.50 and a 200 day moving average of $39.97. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative net margin of 1.08% and a negative return on equity of 4.36%. The business’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.10) EPS. On average, analysts forecast that Trupanion, Inc. will post -0.23 EPS for the current year.

Hedge Funds Weigh In On Trupanion

Several large investors have recently bought and sold shares of TRUP. Quest Partners LLC bought a new stake in Trupanion in the 3rd quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new stake in Trupanion in the 3rd quarter valued at $54,000. GAMMA Investing LLC increased its holdings in Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after buying an additional 596 shares during the period. Entropy Technologies LP bought a new stake in shares of Trupanion in the 3rd quarter worth about $202,000. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Trupanion in the 3rd quarter worth about $210,000.

Analyst Ratings Changes

A number of research firms recently weighed in on TRUP. Northland Securities increased their price objective on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Bank of America lifted their target price on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Piper Sandler boosted their price objective on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Stifel Nicolaus lifted their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Trupanion has a consensus rating of “Moderate Buy” and an average target price of $44.67.

About Trupanion

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.