Headlands Technologies LLC Invests $162,000 in Trupanion, Inc. (NASDAQ:TRUP)

Headlands Technologies LLC purchased a new position in Trupanion, Inc. (NASDAQ:TRUP) during the second quarter, Holdings Channel reports. The fund purchased 5,499 shares of the financial services provider’s stock, valued at approximately $162,000.

A number of other institutional investors have also recently made changes to their positions in TRUP. Quest Partners LLC bought a new position in shares of Trupanion during the 4th quarter valued at $67,000. Victory Capital Management Inc. bought a new position in shares of Trupanion during the 4th quarter valued at $211,000. Blueshift Asset Management LLC bought a new position in shares of Trupanion during the 4th quarter valued at $220,000. Bayesian Capital Management LP bought a new position in shares of Trupanion during the 1st quarter valued at $253,000. Finally, Capstone Investment Advisors LLC bought a new position in shares of Trupanion during the 1st quarter valued at $269,000.

Insider Transactions at Trupanion

In other news, CEO Margaret Tooth sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total value of $348,600.00. Following the completion of the sale, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at approximately $4,647,256.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CFO Fawwad Qureshi sold 640 shares of Trupanion stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $43.12, for a total transaction of $27,596.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Margaret Tooth sold 7,500 shares of Trupanion stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the transaction, the chief executive officer now directly owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,764 shares of company stock valued at $405,238. Company insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

TRUP has been the topic of several recent research reports. Northland Securities increased their target price on shares of Trupanion from $30.00 to $35.00 and gave the company a “market perform” rating in a report on Friday, August 9th. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a report on Friday, August 9th. William Blair started coverage on shares of Trupanion in a report on Friday, July 19th. They set an “outperform” rating on the stock. Piper Sandler raised their price target on shares of Trupanion from $30.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $30.00 price target (up previously from $22.00) on shares of Trupanion in a report on Friday, August 9th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.17.

Trupanion Price Performance

Shares of Trupanion stock opened at $47.08 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of -73.56 and a beta of 1.74. Trupanion, Inc. has a 12-month low of $19.14 and a 12-month high of $48.85. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 0.42. The company’s fifty day simple moving average is $39.02 and its two-hundred day simple moving average is $31.14.

Trupanion (NASDAQ:TRUP) last posted its earnings results on Thursday, August 8th. The financial services provider reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.04. Trupanion had a negative net margin of 1.57% and a negative return on equity of 6.29%. The firm had revenue of $314.80 million during the quarter, compared to analysts’ expectations of $309.33 million. During the same period last year, the company posted ($0.33) EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, equities analysts expect that Trupanion, Inc. will post -0.37 EPS for the current year.

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.