Geode Capital Management LLC Sells 5,446 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Geode Capital Management LLC trimmed its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 786,048 shares of the financial services provider’s stock after selling 5,446 shares during the period. Geode Capital Management LLC owned 1.86% of Trupanion worth $33,005,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of TRUP. Louisiana State Employees Retirement System raised its holdings in Trupanion by 2.8% during the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider’s stock valued at $535,000 after buying an additional 500 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Trupanion by 47.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,190 shares of the financial services provider’s stock worth $270,000 after purchasing an additional 2,973 shares during the last quarter. Texas Permanent School Fund Corp boosted its position in Trupanion by 17.2% during the second quarter. Texas Permanent School Fund Corp now owns 36,651 shares of the financial services provider’s stock worth $1,078,000 after purchasing an additional 5,382 shares during the period. Headlands Technologies LLC acquired a new position in Trupanion during the second quarter valued at approximately $162,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Trupanion in the 2nd quarter worth $235,000.

Insider Buying and Selling at Trupanion

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $52.61, for a total transaction of $32,723.42. Following the sale, the chief financial officer now directly owns 9,867 shares of the company’s stock, valued at approximately $519,102.87. This represents a 5.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steve Weinrauch sold 11,916 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares in the company, valued at $2,595,834. The trade was a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 28,405 shares of company stock valued at $1,512,482. 5.50% of the stock is currently owned by company insiders.

Trupanion Price Performance

Shares of Trupanion stock opened at $51.00 on Thursday. The firm has a market cap of $2.16 billion, a P/E ratio of -159.38 and a beta of 1.61. The firm’s 50-day simple moving average is $52.91 and its 200-day simple moving average is $43.19. Trupanion, Inc. has a twelve month low of $19.69 and a twelve month high of $57.90. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66.

Trupanion (NASDAQ:TRUP) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The company had revenue of $327.50 million for the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company’s revenue was up 14.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.10) EPS. As a group, research analysts expect that Trupanion, Inc. will post -0.23 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on TRUP. Piper Sandler raised their target price on Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Northland Securities upped their target price on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. Bank of America raised their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Stifel Nicolaus upped their price objective on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Trupanion presently has a consensus rating of “Moderate Buy” and an average price target of $44.67.

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.