Trupanion, Inc. (NASDAQ:TRUP) CFO Sells $523,740.36 in Stock

Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $53.08, for a total transaction of $523,740.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fawwad Qureshi also recently made the following trade(s):

• On Tuesday, November 26th, Fawwad Qureshi sold 622 shares of Trupanion stock. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42.

Trupanion Price Performance

TRUP stock opened at $54.63 on Wednesday. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The firm has a market capitalization of $2.31 billion, a P/E ratio of -170.72 and a beta of 1.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The business’s 50-day moving average is $50.42 and its two-hundred day moving average is $40.68.

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

Analyst Upgrades and Downgrades

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

Institutional Trading of Trupanion

A number of hedge funds and other institutional investors have recently bought and sold shares of TRUP. Vanguard Group Inc. increased its position in Trupanion by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 3,673,791 shares of the financial services provider’s stock valued at $101,433,000 after acquiring an additional 32,485 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Trupanion by 14.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 11,325 shares of the financial services provider’s stock valued at $313,000 after acquiring an additional 1,441 shares in the last quarter. SG Americas Securities LLC lifted its stake in Trupanion by 160.2% in the 2nd quarter. SG Americas Securities LLC now owns 71,012 shares of the financial services provider’s stock valued at $2,088,000 after buying an additional 43,720 shares in the last quarter. Louisiana State Employees Retirement System increased its position in Trupanion by 2.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock worth $535,000 after purchasing an additional 500 shares in the last quarter. Finally, Liontrust Investment Partners LLP boosted its holdings in shares of Trupanion by 55.9% during the second quarter. Liontrust Investment Partners LLP now owns 44,900 shares of the financial services provider’s stock worth $1,320,000 after purchasing an additional 16,100 shares during the last quarter.

Trupanion Company Profile

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.