Advantage Alpha Capital Partners LP Sells 18,414 Shares of Trupanion, Inc. (NASDAQ:TRUP)

Advantage Alpha Capital Partners LP lowered its stake in shares of Trupanion, Inc. (NASDAQ:TRUP) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,499 shares of the financial services provider’s stock after selling 18,414 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Trupanion were worth $2,666,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC boosted its holdings in Trupanion by 55,963.7% during the 3rd quarter. FMR LLC now owns 1,172,293 shares of the financial services provider’s stock worth $49,213,000 after acquiring an additional 1,170,202 shares during the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Trupanion during the third quarter valued at about $698,000. Intech Investment Management LLC boosted its holdings in Trupanion by 73.6% during the third quarter. Intech Investment Management LLC now owns 17,208 shares of the financial services provider’s stock worth $722,000 after purchasing an additional 7,298 shares during the last quarter. Quest Partners LLC bought a new stake in Trupanion in the 3rd quarter worth about $37,000. Finally, Mutual of America Capital Management LLC purchased a new stake in Trupanion in the 3rd quarter valued at about $210,000.

Insider Activity at Trupanion

In other Trupanion news, CEO Margaret Tooth sold 7,500 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $46.48, for a total transaction of $348,600.00. Following the sale, the chief executive officer now owns 99,984 shares of the company’s stock, valued at $4,647,256.32. The trade was a 6.98 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Steve Weinrauch sold 11,916 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $53.00, for a total value of $631,548.00. Following the completion of the transaction, the executive vice president now directly owns 48,978 shares of the company’s stock, valued at $2,595,834. The trade was a 19.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 21,416 shares of company stock worth $1,085,488. 5.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Trupanion Stock Performance

Shares of TRUP opened at $53.46 on Tuesday. Trupanion, Inc. has a 1 year low of $19.69 and a 1 year high of $57.90. 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 stock’s fifty day moving average price is $49.19 and its two-hundred day moving average price is $39.67. The firm has a market cap of $2.26 billion, a PE ratio of -167.06 and a beta of 1.69.

Trupanion (NASDAQ:TRUP) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.10) EPS. On average, equities research analysts forecast 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.