Insider Selling: Trupanion Inc (TRUP) Insider Sells 4,500 Shares of Stock

Trupanion Inc (NYSE:TRUP) insider Margaret Tooth sold 4,500 shares of Trupanion stock in a transaction on Friday, August 4th. The stock was sold at an average price of $23.00, for a total value of $103,500.00. Following the sale, the insider now directly owns 4,502 shares of the company’s stock, valued at $103,546. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Trupanion Inc (NYSE:TRUP) opened at 22.10 on Friday. The firm’s market cap is $662.89 million. Trupanion Inc has a 12 month low of $13.71 and a 12 month high of $25.00. The firm’s 50-day moving average price is $22.86 and its 200-day moving average price is $18.38.

Trupanion (NYSE:TRUP) last announced its quarterly earnings data on Tuesday, August 1st. The financial services provider reported ($0.02) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.03) by $0.01. The business had revenue of $58.30 million for the quarter, compared to analysts’ expectations of $57.58 million. Trupanion had a negative net margin of 2.71% and a negative return on equity of 13.24%. The business’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.03) earnings per share. On average, equities research analysts expect that Trupanion Inc will post ($0.10) EPS for the current fiscal year.

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TRUP has been the topic of several recent analyst reports. ValuEngine upgraded Trupanion from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Canaccord Genuity boosted their price target on Trupanion from $28.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. Cowen and Company restated a “buy” rating and issued a $19.00 price target on shares of Trupanion in a report on Friday, July 14th. BidaskClub lowered Trupanion from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Royal Bank Of Canada boosted their price target on Trupanion from $19.00 to $26.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $24.50.

A number of large investors have recently made changes to their positions in TRUP. State Street Corp boosted its stake in shares of Trupanion by 6.3% in the fourth quarter. State Street Corp now owns 223,252 shares of the financial services provider’s stock worth $3,465,000 after buying an additional 13,322 shares during the period. Renaissance Technologies LLC increased its position in shares of Trupanion by 36.7% in the fourth quarter. Renaissance Technologies LLC now owns 214,400 shares of the financial services provider’s stock valued at $3,327,000 after buying an additional 57,600 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Trupanion by 0.3% in the fourth quarter. AQR Capital Management LLC now owns 22,264 shares of the financial services provider’s stock valued at $346,000 after buying an additional 73 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Trupanion by 31.9% in the fourth quarter. Teachers Advisors LLC now owns 42,725 shares of the financial services provider’s stock valued at $663,000 after buying an additional 10,340 shares in the last quarter. Finally, VNBTrust National Association purchased a new position in shares of Trupanion during the first quarter valued at about $1,340,000.

About Trupanion

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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