Trupanion (NASDAQ:TRUP) COO John Gallagher Sells 431 Shares

Trupanion, Inc. (NASDAQ:TRUP) COO John Gallagher sold 431 shares of the business’s stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $25.35, for a total value of $10,925.85. Following the completion of the transaction, the chief operating officer directly owned 32,634 shares of the company’s stock, valued at approximately $827,271.90. The trade was a 1.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Trupanion Stock Up 5.6%

Shares of Trupanion stock opened at $26.15 on Thursday. The company has a market capitalization of $1.14 billion, a P/E ratio of 44.32 and a beta of 1.39. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.73 and a quick ratio of 1.73. The business has a 50-day moving average of $23.72 and a two-hundred day moving average of $28.17. Trupanion, Inc. has a 1 year low of $21.16 and a 1 year high of $57.00.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Trupanion had a return on equity of 6.87% and a net margin of 1.74%.The business had revenue of $384.05 million for the quarter, compared to analysts’ expectations of $379.77 million. During the same quarter in the previous year, the business posted ($0.03) EPS. Trupanion’s revenue for the quarter was up 12.3% on a year-over-year basis. As a group, equities analysts predict that Trupanion, Inc. will post 0.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TRUP shares. Stifel Nicolaus set a $28.00 price objective on shares of Trupanion in a research report on Friday, June 26th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Trupanion in a research report on Monday, June 1st. Bank of America cut their price objective on shares of Trupanion from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Tuesday, April 14th. Finally, Cantor Fitzgerald reduced their target price on shares of Trupanion from $42.00 to $34.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $41.50.

Hedge Funds Weigh In On Trupanion

Large investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of Trupanion by 185.8% in the third quarter. Millennium Management LLC now owns 619,003 shares of the financial services provider’s stock valued at $26,790,000 after purchasing an additional 402,421 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Trupanion by 116.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 477,014 shares of the financial services provider’s stock worth $17,826,000 after purchasing an additional 256,559 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Trupanion by 3,201.0% during the third quarter. Two Sigma Investments LP now owns 224,433 shares of the financial services provider’s stock worth $9,713,000 after purchasing an additional 217,634 shares during the last quarter. Polar Capital Holdings Plc boosted its holdings in Trupanion by 13.5% during the fourth quarter. Polar Capital Holdings Plc now owns 1,475,000 shares of the financial services provider’s stock worth $55,121,000 after purchasing an additional 175,000 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Trupanion by 15.5% in the third quarter. Marshall Wace LLP now owns 1,212,151 shares of the financial services provider’s stock valued at $52,462,000 after purchasing an additional 163,101 shares in the last quarter.

About Trupanion

Trupanion, Inc is a pet medical insurance company that provides comprehensive insurance coverage for cats and dogs. The company’s core offering is a single, customizable medical policy designed to cover veterinary diagnostic tests, surgeries, hospital stays and congenital or hereditary conditions. Trupanion seeks to streamline the claims process by offering direct payment options to participating veterinarians, reducing the need for upfront payments by pet owners.

Founded in 1999 by Darryl Rawlings and headquartered in Seattle, Washington, Trupanion began operations in the early 2000s and has grown its presence through both digital channels and partnerships with veterinary hospitals.