Occudo Quantitative Strategies LP Buys Shares of 4,711 Trupanion, Inc. (NASDAQ:TRUP)

Occudo Quantitative Strategies LP bought a new stake in Trupanion, Inc. (NASDAQ:TRUP) during the fourth quarter, Holdings Channel.com reports. The firm bought 4,711 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in shares of Trupanion in the fourth quarter valued at $25,000. Jones Financial Companies Lllp grew its stake in shares of Trupanion by 71.7% in the fourth quarter. Jones Financial Companies Lllp now owns 570 shares of the financial services provider’s stock valued at $27,000 after buying an additional 238 shares in the last quarter. Quarry LP acquired a new stake in shares of Trupanion in the fourth quarter valued at $39,000. Aster Capital Management DIFC Ltd grew its stake in shares of Trupanion by 988.5% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,132 shares of the financial services provider’s stock valued at $55,000 after buying an additional 1,028 shares in the last quarter. Finally, Coppell Advisory Solutions LLC grew its stake in shares of Trupanion by 58.3% in the fourth quarter. Coppell Advisory Solutions LLC now owns 1,249 shares of the financial services provider’s stock valued at $61,000 after buying an additional 460 shares in the last quarter.

Insider Transactions at Trupanion

In other news, insider Brenna Mcgibney sold 5,000 shares of the stock in a transaction dated Friday, March 7th. The stock was sold at an average price of $32.99, for a total value of $164,950.00. Following the transaction, the insider now owns 3,738 shares in the company, valued at approximately $123,316.62. This represents a 57.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Emily Dreyer sold 14,025 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $32.41, for a total value of $454,550.25. Following the completion of the transaction, the senior vice president now owns 27,645 shares in the company, valued at approximately $895,974.45. The trade was a 33.66% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,792 shares of company stock valued at $1,122,802. 5.42% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped their price objective on Trupanion from $57.00 to $52.00 and set an “overweight” rating for the company in a research note on Thursday, February 20th. Stifel Nicolaus dropped their price objective on Trupanion from $44.00 to $41.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Finally, Lake Street Capital dropped their price objective on Trupanion from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $51.80.

Trupanion Trading Up 2.9%

TRUP opened at $46.77 on Friday. Trupanion, Inc. has a 12 month low of $25.90 and a 12 month high of $57.90. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of -203.35, a PEG ratio of 6.02 and a beta of 1.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.71 and a quick ratio of 1.66. The business has a fifty day moving average price of $37.96 and a 200 day moving average price of $44.27.

Trupanion (NASDAQ:TRUP) last released its earnings results on Thursday, May 1st. The financial services provider reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. Trupanion had a negative return on equity of 3.08% and a negative net margin of 0.75%. The firm had revenue of $341.98 million during the quarter, compared to analysts’ expectations of $337.81 million. During the same period in the previous year, the firm posted ($0.16) EPS. Trupanion’s revenue for the quarter was up 11.7% on a year-over-year basis. Sell-side analysts expect that Trupanion, Inc. will post 0.13 earnings per share for the current fiscal year.

Trupanion 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.