Trupanion (NASDAQ:TRUP) Shares Gap Down on Analyst Downgrade

Trupanion, Inc. (NASDAQ:TRUPGet Rating)’s share price gapped down prior to trading on Thursday after Canaccord Genuity Group lowered their price target on the stock from $100.00 to $90.00. The stock had previously closed at $68.00, but opened at $61.81. Trupanion shares last traded at $65.18, with a volume of 6,417 shares.

TRUP has been the topic of several other research reports. Northland Securities decreased their price target on shares of Trupanion from $80.00 to $70.00 in a research note on Thursday. Piper Sandler cut shares of Trupanion from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $80.00 to $69.00 in a research report on Thursday. Finally, Bank of America decreased their target price on shares of Trupanion from $118.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 20th.

Insider Activity

In related news, President Margaret Tooth sold 1,000 shares of the stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $66.71, for a total value of $66,710.00. Following the sale, the president now directly owns 34,880 shares of the company’s stock, valued at approximately $2,326,844.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Darryl Rawlings sold 4,000 shares of the stock in a transaction that occurred on Thursday, June 2nd. The shares were sold at an average price of $66.52, for a total transaction of $266,080.00. Following the completion of the sale, the chief executive officer now owns 869,109 shares of the company’s stock, valued at $57,813,130.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Margaret Tooth sold 1,000 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were sold at an average price of $66.71, for a total transaction of $66,710.00. Following the sale, the president now directly owns 34,880 shares of the company’s stock, valued at approximately $2,326,844.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,700 shares of company stock worth $1,368,070. 6.77% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rational Advisors LLC raised its holdings in shares of Trupanion by 112.5% during the fourth quarter. Rational Advisors LLC now owns 238 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 126 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in Trupanion during the first quarter valued at $49,000. Tcwp LLC acquired a new stake in Trupanion during the first quarter valued at $54,000. Harbor Investment Advisory LLC grew its position in Trupanion by 31.9% during the second quarter. Harbor Investment Advisory LLC now owns 942 shares of the financial services provider’s stock valued at $57,000 after buying an additional 228 shares during the period. Finally, Captrust Financial Advisors grew its position in Trupanion by 162.6% during the first quarter. Captrust Financial Advisors now owns 893 shares of the financial services provider’s stock valued at $80,000 after buying an additional 553 shares during the period. Hedge funds and other institutional investors own 83.62% of the company’s stock.

Trupanion Trading Up 4.7 %

The company has a market cap of $2.77 billion, a price-to-earnings ratio of -76.50 and a beta of 2.02. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.16. The company’s 50-day moving average is $62.81 and its 200 day moving average is $74.81.

Trupanion Company Profile

(Get Rating)

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

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