Key Points
- CEO Margaret Tooth sold 978 Trupanion shares at an average price of $29.05, generating $28,410.90. The transaction, made under a pre-arranged Rule 10b5-1 plan, reduced her holdings by 0.55% to 175,401 shares.
- Trupanion reported quarterly EPS of $0.16, beating estimates by $0.05, while revenue rose 11.1% year over year to $392.93 million. Shares opened at $31.00, compared with a 52-week range of $21.16 to $50.06.
- Analysts maintain a “Moderate Buy” consensus rating with an average price target of $41.60, while institutional ownership activity included BlackRock establishing a new $134.8 million position.
Trupanion, Inc. (NASDAQ:TRUP - Get Free Report) CEO Margaret Tooth sold 978 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $29.05, for a total transaction of $28,410.90. Following the completion of the transaction, the chief executive officer owned 175,401 shares of the company's stock, valued at approximately $5,095,399.05. The trade was a 0.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Margaret Tooth also recently made the following trade(s):
- On Monday, May 25th, Margaret Tooth sold 491 shares of Trupanion stock. The stock was sold at an average price of $21.86, for a total transaction of $10,733.26.
Trupanion Price Performance
Shares of NASDAQ:TRUP opened at $31.00 on Friday. Trupanion, Inc. has a 12 month low of $21.16 and a 12 month high of $50.06. The firm has a market capitalization of $1.36 billion, a P/E ratio of 58.49, a P/E/G ratio of 2.18 and a beta of 1.39. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.77 and a quick ratio of 1.77. The company's fifty day moving average price is $25.38 and its 200 day moving average price is $26.08.
Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.05. The company had revenue of $392.93 million during the quarter, compared to the consensus estimate of $389.72 million. Trupanion had a net margin of 1.53% and a return on equity of 5.96%. Trupanion's revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.22 earnings per share. As a group, sell-side analysts predict that Trupanion, Inc. will post 0.59 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on TRUP. Zacks Research raised Trupanion from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 24th. Stifel Nicolaus set a $28.00 price target on Trupanion in a research report on Friday, June 26th. Weiss Ratings upgraded Trupanion from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday. Finally, Atlantic Securities set a $42.00 price objective on Trupanion in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.60.
Get Our Latest Research Report on Trupanion
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of TRUP. BlackRock Inc. acquired a new position in Trupanion in the second quarter valued at $134,774,000. Polar Capital Holdings Plc grew its holdings in shares of 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 buying an additional 175,000 shares during the last quarter. State Street Corp grew its holdings in shares of Trupanion by 2.2% during the fourth quarter. State Street Corp now owns 1,290,987 shares of the financial services provider's stock worth $48,244,000 after buying an additional 27,385 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Trupanion by 4.5% during the fourth quarter. Marshall Wace LLP now owns 1,267,262 shares of the financial services provider's stock worth $47,358,000 after buying an additional 55,111 shares during the last quarter. Finally, Greenlea Lane Capital Management LLC increased its position in Trupanion by 1.6% in the 4th quarter. Greenlea Lane Capital Management LLC now owns 776,490 shares of the financial services provider's stock valued at $29,017,000 after acquiring an additional 12,395 shares during the period.
About Trupanion
(
Get Free Report)
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.
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