Proficio Capital Partners LLC Acquires New Shares in Trupanion, Inc. (NASDAQ:TRUP)

Proficio Capital Partners LLC bought a new position in Trupanion, Inc. (NASDAQ:TRUP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,244 shares of the financial services provider’s stock, valued at approximately $976,000.

A number of other large investors have also added to or reduced their stakes in TRUP. FMR LLC raised its holdings in Trupanion by 55,963.7% in the third quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock worth $49,213,000 after purchasing an additional 1,170,202 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Trupanion by 26.6% in the fourth quarter. Baillie Gifford & Co. now owns 701,366 shares of the financial services provider’s stock worth $33,806,000 after purchasing an additional 147,341 shares in the last quarter. Wellington Management Group LLP raised its holdings in Trupanion by 4.4% in the third quarter. Wellington Management Group LLP now owns 3,393,879 shares of the financial services provider’s stock worth $142,475,000 after purchasing an additional 142,156 shares in the last quarter. DF Dent & Co. Inc. raised its holdings in Trupanion by 27.8% in the third quarter. DF Dent & Co. Inc. now owns 367,871 shares of the financial services provider’s stock worth $15,443,000 after purchasing an additional 80,014 shares in the last quarter. Finally, Barclays PLC raised its holdings in Trupanion by 259.2% in the third quarter. Barclays PLC now owns 65,498 shares of the financial services provider’s stock worth $2,750,000 after purchasing an additional 47,262 shares in the last quarter.

Insiders Place Their Bets

In other Trupanion news, CEO Margaret Tooth sold 2,294 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $31.39, for a total value of $72,008.66. Following the sale, the chief executive officer now owns 118,784 shares in the company, valued at approximately $3,728,629.76. This represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Fawwad Qureshi sold 1,373 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 owns 2,416 shares in the company, valued at approximately $82,675.52. This represents a 36.24 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,859 shares of company stock worth $128,593. Corporate insiders own 5.50% of the company’s stock.

Trupanion Price Performance

Shares of NASDAQ TRUP opened at $32.97 on Friday. The business’s 50 day moving average price is $44.12 and its 200 day moving average price is $47.47. The firm has a market cap of $1.40 billion, a P/E ratio of -143.35, a P/E/G ratio of 6.02 and a beta of 1.60. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90. The company has a quick ratio of 1.66, a current ratio of 1.71 and a debt-to-equity ratio of 0.39.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on TRUP shares. Piper Sandler reduced their target price on shares of Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, February 20th. Stifel Nicolaus cut their price objective on shares of Trupanion from $44.00 to $41.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Trupanion has an average rating of “Moderate Buy” and a consensus target price of $46.60.

About Trupanion

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.