Trupanion Inc (TRUP) Insider Sells $248,847.00 in Stock
Trupanion Inc (NYSE:TRUP) insider Asher Bearman sold 10,900 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $22.83, for a total value of $248,847.00. Following the completion of the sale, the insider now owns 11,539 shares in the company, valued at approximately $263,435.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Asher Bearman also recently made the following trade(s):
- On Wednesday, August 9th, Asher Bearman sold 6,600 shares of Trupanion stock. The stock was sold at an average price of $22.86, for a total value of $150,876.00.
Shares of Trupanion Inc (TRUP) traded down 0.04% during trading on Wednesday, hitting $22.56. The stock had a trading volume of 51,059 shares. Trupanion Inc has a 12 month low of $13.71 and a 12 month high of $25.00. The stock’s market cap is $676.69 million. The company’s 50 day moving average price is $22.90 and its 200 day moving average price is $18.31.
Trupanion (NYSE:TRUP) last issued its quarterly earnings results on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $58.30 million for the quarter, compared to the consensus estimate of $57.58 million. During the same quarter in the prior year, the business earned ($0.03) EPS. Trupanion’s revenue was up 27.3% on a year-over-year basis. Equities research analysts expect that Trupanion Inc will post ($0.10) earnings per share for the current fiscal year.
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A number of large investors have recently modified their holdings of TRUP. California State Teachers Retirement System increased its stake in shares of Trupanion by 37.3% in the second quarter. California State Teachers Retirement System now owns 39,784 shares of the financial services provider’s stock valued at $890,000 after buying an additional 10,800 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Trupanion by 55.0% in the second quarter. The Manufacturers Life Insurance Company now owns 19,381 shares of the financial services provider’s stock valued at $433,000 after buying an additional 6,874 shares during the period. Symmetry Peak Management LLC bought a new stake in shares of Trupanion during the second quarter valued at $672,000. State Street Corp increased its stake in shares of Trupanion by 54.4% in the second quarter. State Street Corp now owns 346,367 shares of the financial services provider’s stock valued at $7,752,000 after buying an additional 121,990 shares during the period. Finally, Lagoda Investment Management L.P. bought a new stake in shares of Trupanion during the second quarter valued at $2,944,000.
A number of research firms have weighed in on TRUP. Canaccord Genuity increased 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 lowered Trupanion from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $24.00 target price (up previously from $18.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Royal Bank Of Canada raised their price target on Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Cowen and Company restated an “outperform” rating and set a $28.00 price target (up previously from $19.00) on shares of Trupanion in a research note on Wednesday, August 2nd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price 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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