Trupanion Inc (NYSE:TRUP) Insider Sells $150,876.00 in Stock
Trupanion Inc (NYSE:TRUP) insider Asher Bearman sold 6,600 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $22.86, for a total value of $150,876.00. Following the completion of the transaction, the insider now owns 9,039 shares of the company’s stock, valued at approximately $206,631.54. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Shares of Trupanion Inc (NYSE:TRUP) traded up 0.45% during mid-day trading on Friday, hitting $22.50. The stock had a trading volume of 76,176 shares. The stock’s 50-day moving average is $22.85 and its 200 day moving average is $18.09. The company’s market cap is $674.89 million. Trupanion Inc has a 12 month low of $13.71 and a 12 month high of $25.00.
Trupanion (NYSE:TRUP) last released its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $58.30 million during the quarter, compared to analyst estimates of $57.58 million. Trupanion had a negative return on equity of 13.24% and a negative net margin of 2.71%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) earnings per share. On average, equities research analysts forecast that Trupanion Inc will post ($0.10) earnings per share for the current fiscal year.
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Institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. raised its position in Trupanion by 7.1% in the first quarter. American International Group Inc. now owns 8,864 shares of the financial services provider’s stock worth $126,000 after buying an additional 588 shares during the period. Dynamic Technology Lab Private Ltd acquired a new position in Trupanion during the first quarter worth $194,000. Bank of Montreal Can raised its position in Trupanion by 309.2% in the second quarter. Bank of Montreal Can now owns 9,044 shares of the financial services provider’s stock worth $201,000 after buying an additional 6,834 shares during the period. Alliancebernstein L.P. raised its position in Trupanion by 1.2% in the first quarter. Alliancebernstein L.P. now owns 16,700 shares of the financial services provider’s stock worth $237,000 after buying an additional 200 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Trupanion by 13.5% in the second quarter. Wells Fargo & Company MN now owns 11,261 shares of the financial services provider’s stock worth $252,000 after buying an additional 1,342 shares during the last quarter.
Several brokerages have commented on TRUP. TheStreet upgraded Trupanion from a “d” rating to a “c-” rating in a research note on Monday, July 17th. Zacks Investment Research upgraded Trupanion from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Canaccord Genuity raised their target price on Trupanion from $28.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. BidaskClub downgraded Trupanion from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, ValuEngine upgraded Trupanion from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average 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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