Ian Moffat Sells 8,552 Shares of Trupanion Inc (NYSE:TRUP) Stock
Trupanion Inc (NYSE:TRUP) COO Ian Moffat sold 8,552 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $23.20, for a total value of $198,406.40. Following the completion of the transaction, the chief operating officer now directly owns 8,552 shares in the company, valued at $198,406.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Trupanion Inc (TRUP) traded down 0.35% during trading on Tuesday, hitting $22.81. The company’s stock had a trading volume of 92,268 shares. Trupanion Inc has a 1-year low of $13.71 and a 1-year high of $25.00. The company’s market capitalization is $684.19 million. The firm’s 50 day moving average is $22.63 and its 200-day moving average is $17.84.
Trupanion (NYSE:TRUP) last announced its earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. The firm had revenue of $58.30 million during the quarter, compared to the consensus estimate of $57.58 million. During the same quarter in the prior year, the company earned ($0.03) EPS. The firm’s revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts forecast that Trupanion Inc will post ($0.12) EPS for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in TRUP. Jupiter Asset Management Ltd. increased its stake in shares of Trupanion by 41.5% in the first quarter. Jupiter Asset Management Ltd. now owns 290,000 shares of the financial services provider’s stock valued at $4,124,000 after buying an additional 85,000 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Trupanion during the first quarter valued at $194,000. American International Group Inc. increased its stake in shares of Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock valued at $126,000 after buying an additional 588 shares during the last quarter. Grand Jean Capital Management Inc. increased its stake in shares of Trupanion by 4.8% in the first quarter. Grand Jean Capital Management Inc. now owns 265,184 shares of the financial services provider’s stock valued at $3,771,000 after buying an additional 12,200 shares during the last quarter. Finally, Handelsinvest Investeringsforvaltning acquired a new stake in shares of Trupanion during the first quarter valued at $427,000.
TRUP has been the topic of a number of recent analyst reports. Canaccord Genuity upped their target price on Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Cowen and Company reaffirmed a “buy” rating and issued a $19.00 target price on shares of Trupanion in a research report on Friday, July 14th. Northland Securities set a $23.00 target price on Trupanion and gave the company a “buy” rating in a research report on Thursday, July 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $24.00 target price (up from $18.00) on shares of Trupanion in a research report on Wednesday, August 2nd. Finally, BidaskClub lowered Trupanion from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $24.50.
Trupanion Company Profile
Trupanion, Inc provides medical insurance plans for cats and dogs throughout the United States, Canada and Puerto Rico. The Company operates in two business segments: subscription business and other business. The subscription business segment includes monthly subscriptions for its medical plan, which are marketed to consumers.
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