Edgestream Partners L.P. Buys Shares of 23,916 Trupanion, Inc. (NASDAQ:TRUP)

Edgestream Partners L.P. bought a new stake in shares of Trupanion, Inc. (NASDAQ:TRUP) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 23,916 shares of the financial services provider’s stock, valued at approximately $1,153,000.

Other large investors have also recently bought and sold shares of the company. Inceptionr LLC purchased a new position in shares of Trupanion during the 4th quarter worth $224,000. Raymond James Financial Inc. purchased a new position in shares of Trupanion during the 4th quarter worth $593,000. Proficio Capital Partners LLC purchased a new position in shares of Trupanion during the 4th quarter worth $976,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Trupanion by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 306,752 shares of the financial services provider’s stock worth $14,785,000 after purchasing an additional 6,338 shares during the period. Finally, Steward Partners Investment Advisory LLC lifted its stake in shares of Trupanion by 12.4% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 11,805 shares of the financial services provider’s stock worth $569,000 after purchasing an additional 1,300 shares during the period.

Insider Activity at Trupanion

In related news, insider Brenna Mcgibney sold 5,000 shares of the stock in a transaction on Friday, March 7th. The stock was sold at an average price of $32.99, for a total value of $164,950.00. Following the completion of the sale, the insider now directly owns 3,738 shares in the company, valued at approximately $123,316.62. This represents a 57.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 1,373 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now owns 2,416 shares of the company’s stock, valued at approximately $82,675.52. This represents a 36.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 25,984 shares of company stock worth $850,362. Corporate insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on TRUP shares. Piper Sandler reduced their price target on Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, February 20th. Stifel Nicolaus cut their target price on Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Trupanion Trading Up 2.3 %

Shares of TRUP opened at $33.20 on Wednesday. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.41 billion, a P/E ratio of -144.35, a price-to-earnings-growth ratio of 6.02 and a beta of 1.70. The stock’s fifty day simple moving average is $43.50 and its 200 day simple moving average is $47.33. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. The company had revenue of $337.31 million during the quarter, compared to analyst estimates of $335.41 million. On average, equities research analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current year.

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.