Blueshift Asset Management LLC Buys 25,440 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Blueshift Asset Management LLC boosted its stake in Trupanion, Inc. (NASDAQ:TRUP) by 215.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,230 shares of the financial services provider’s stock after acquiring an additional 25,440 shares during the period. Blueshift Asset Management LLC owned 0.09% of Trupanion worth $1,563,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Piper Sandler raised their price target on shares of Trupanion from $45.00 to $57.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Stifel Nicolaus increased their target price on shares of Trupanion from $30.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 23rd. Bank of America lifted their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 20th. Northland Securities increased their price objective on Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Evercore ISI upgraded Trupanion to a “strong-buy” rating in a research note on Friday, August 9th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $44.67.

Trupanion Stock Performance

TRUP opened at $54.35 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.66 and a quick ratio of 1.66. The business’s fifty day simple moving average is $49.35 and its 200 day simple moving average is $39.87. Trupanion, Inc. has a 52 week low of $19.69 and a 52 week high of $57.90.

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

Insider Buying and Selling

In related news, Director Murray B. Low sold 2,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total transaction of $105,340.00. Following the completion of the sale, the director now directly owns 131,513 shares in the company, valued at $6,926,789.71. This represents a 1.50 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Emily Dreyer sold 3,100 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $54.85, for a total transaction of $170,035.00. Following the sale, the senior vice president now directly owns 24,708 shares of the company’s stock, valued at $1,355,233.80. The trade was a 11.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,916 shares of company stock worth $956,018 in the last 90 days. 5.50% of the stock is owned by company insiders.

Trupanion Company 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.