Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi Sells 1,373 Shares of Stock

Trupanion, Inc. (NASDAQ:TRUP) CFO Fawwad Qureshi sold 1,373 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $34.22, for a total value of $46,984.06. Following the completion of the sale, the chief financial officer now directly owns 2,416 shares in the company, valued at approximately $82,675.52. This represents a 36.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Fawwad Qureshi also recently made the following trade(s):

• On Friday, November 29th, Fawwad Qureshi sold 9,867 shares of Trupanion stock. The stock was sold at an average price of $53.08, for a total value of $523,740.36.

Trupanion Stock Performance

TRUP opened at $33.59 on Friday. The stock has a market cap of $1.42 billion, a PE ratio of -146.04, a P/E/G ratio of 6.02 and a beta of 1.60. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. The stock’s 50 day simple moving average is $46.20 and its 200-day simple moving average is $47.82. The company has a current ratio of 1.71, a quick ratio of 1.66 and a debt-to-equity ratio of 0.39.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings results on Wednesday, February 19th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). The business had revenue of $337.31 million during the quarter, compared to the consensus estimate of $335.41 million. Trupanion had a negative net margin of 0.75% and a negative return on equity of 3.08%. Sell-side analysts forecast that Trupanion, Inc. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TRUP. SBI Securities Co. Ltd. acquired a new stake in Trupanion during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp lifted its position in shares of Trupanion by 71.7% during the 4th quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock worth $27,000 after buying an additional 238 shares during the period. Quest Partners LLC bought a new position in shares of Trupanion during the 3rd quarter worth approximately $37,000. Quarry LP acquired a new stake in Trupanion in the 4th quarter valued at $39,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Trupanion in the third quarter valued at $54,000.

Analysts Set New Price Targets

Several research analysts have commented on TRUP shares. Piper Sandler dropped their price target on Trupanion from $57.00 to $52.00 and set an “overweight” rating on the stock in a research report on Thursday, February 20th. Stifel Nicolaus reduced their price target on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Finally, Northland Securities raised their price target on shares of Trupanion from $45.00 to $50.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $46.60.

Trupanion Company Profile

Trupanion, Inc, together with its subsidiaries, provides medical insurance for cats and dogs on a monthly subscription basis in the United States, Canada, Continental Europe, and Australia. The company operates in two segments, Subscription Business and Other Business. It serves pet owners and veterinarians.