Trupanion, Inc. (NASDAQ:TRUP) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its holdings in shares of Trupanion, Inc. (NASDAQ:TRUP) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 124,548 shares of the financial services provider’s stock after acquiring an additional 8,781 shares during the quarter. BNP Paribas Financial Markets’ holdings in Trupanion were worth $5,229,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TRUP. Quest Partners LLC purchased a new stake in Trupanion during the 3rd quarter worth approximately $37,000. GAMMA Investing LLC increased its stake in shares of Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock worth $61,000 after buying an additional 596 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Trupanion in the second quarter valued at $162,000. Entropy Technologies LP bought a new position in Trupanion during the 3rd quarter valued at $202,000. Finally, Mutual of America Capital Management LLC acquired a new position in Trupanion during the 3rd quarter worth $210,000.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on TRUP. Evercore ISI raised shares of Trupanion to a “strong-buy” rating in a research report on Friday, August 9th. Bank of America increased their target price on Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Northland Securities boosted their price target on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Piper Sandler raised their price objective on Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Trupanion presently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 622 shares of Trupanion stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $52.61, for a total transaction of $32,723.42. Following the sale, the chief financial officer now owns 9,867 shares of the company’s stock, valued at $519,102.87. The trade was a 5.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the transaction, the senior vice president now directly owns 24,708 shares of the company’s stock, valued at approximately $1,355,233.80. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,405 shares of company stock worth $1,512,482. Insiders own 5.50% of the company’s stock.

Trupanion Trading Up 1.8 %

NASDAQ:TRUP opened at $54.63 on Wednesday. The firm has a market capitalization of $2.31 billion, a P/E ratio of -170.72 and a beta of 1.60. The business has a 50 day simple moving average of $50.42 and a 200 day simple moving average of $40.68. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. Trupanion, Inc. has a 12-month low of $19.69 and a 12-month high of $57.90.

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