Stock Traders Buy Large Volume of Put Options on Trupanion (NASDAQ:TRUP)

Trupanion, Inc. (NASDAQ:TRUP) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 7,497 put options on the company. This represents an increase of 2,677% compared to the average daily volume of 270 put options.

Shares of Trupanion stock opened at $82.96 on Wednesday. Trupanion has a 12-month low of $67.15 and a 12-month high of $126.53. The stock has a market cap of $3.34 billion, a P/E ratio of -118.51 and a beta of 1.85. The business’s 50 day moving average is $101.11 and its 200-day moving average is $92.43.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings data on Thursday, August 5th. The financial services provider reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.06). Trupanion had a negative net margin of 4.65% and a negative return on equity of 9.05%. The firm had revenue of $168.26 million during the quarter, compared to analyst estimates of $165.03 million. Analysts forecast that Trupanion will post -0.89 earnings per share for the current fiscal year.

Several equities analysts have commented on the company. TheStreet upgraded Trupanion from a “d+” rating to a “c” rating in a report on Tuesday, June 22nd. Zacks Investment Research raised Trupanion from a “sell” rating to a “hold” rating in a report on Saturday, August 7th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $133.33.

In other Trupanion news, CEO Darryl Rawlings sold 4,000 shares of the business’s stock in a transaction on Tuesday, September 7th. The shares were sold at an average price of $86.56, for a total transaction of $346,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gavin Friedman sold 400 shares of the company’s stock in a transaction dated Wednesday, September 1st. The stock was sold at an average price of $92.00, for a total transaction of $36,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,950 shares of company stock valued at $2,670,850. 6.77% of the stock is owned by insiders.

Several hedge funds have recently made changes to their positions in TRUP. BlackRock Inc. increased its stake in shares of Trupanion by 11.6% in the second quarter. BlackRock Inc. now owns 5,869,395 shares of the financial services provider’s stock valued at $675,565,000 after buying an additional 608,272 shares during the period. Greenlea Lane Capital Partners LP bought a new position in shares of Trupanion in the first quarter valued at approximately $31,131,000. Capital International Investors lifted its holdings in shares of Trupanion by 248.0% in the second quarter. Capital International Investors now owns 422,174 shares of the financial services provider’s stock valued at $48,592,000 after purchasing an additional 300,874 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Trupanion during the first quarter worth $20,089,000. Finally, FMR LLC lifted its holdings in Trupanion by 27,534.5% during the second quarter. FMR LLC now owns 185,704 shares of the financial services provider’s stock worth $21,375,000 after acquiring an additional 185,032 shares during the period. Institutional investors and hedge funds own 81.92% of the company’s stock.

Trupanion Company Profile

Trupanion, Inc engages in the provision of medical insurance for cats and dogs. It operates through the following segments: Subscription Business and Other Business. The Subscription Business segment involves in the monthly subscriptions of pet medical insurance. The Others Business segment includes companies or organizations that choose to provide medical insurance for cats and dogs as a benefit to their employees or members and contracts include multiple pets.

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