PDT Partners LLC Has $753,000 Position in Trupanion, Inc. (NASDAQ:TRUP)

PDT Partners LLC reduced its stake in shares of Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 67.1% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 17,944 shares of the financial services provider's stock after selling 36,551 shares during the period. PDT Partners LLC's holdings in Trupanion were worth $753,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of TRUP. Louisiana State Employees Retirement System grew its position in shares of Trupanion by 2.8% in the second quarter. Louisiana State Employees Retirement System now owns 18,200 shares of the financial services provider's stock valued at $535,000 after purchasing an additional 500 shares during the period. GAMMA Investing LLC lifted its holdings in Trupanion by 70.4% in the third quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 596 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Trupanion by 7.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,861 shares of the financial services provider's stock worth $414,000 after purchasing an additional 671 shares during the last quarter. WINTON GROUP Ltd raised its stake in shares of Trupanion by 1.9% in the 2nd quarter. WINTON GROUP Ltd now owns 37,673 shares of the financial services provider's stock valued at $1,108,000 after acquiring an additional 685 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Trupanion during the third quarter worth $37,000.

Insider Activity at Trupanion

In related news, SVP Emily Dreyer sold 3,100 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 24,708 shares in the company, valued at approximately $1,355,233.80. This trade represents a 11.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Fawwad Qureshi sold 9,867 shares of the company's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $53.08, for a total value of $523,740.36. The disclosure for this sale can be found here. Insiders sold 28,405 shares of company stock worth $1,512,482 in the last 90 days. 5.50% of the stock is currently owned by company insiders.

Trupanion Trading Up 1.8 %

Trupanion stock traded up $0.98 during trading on Tuesday, hitting $54.63. The company's stock had a trading volume of 440,135 shares, compared to its average volume of 674,740. The stock's fifty day moving average is $50.42 and its 200 day moving average is $40.68. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.66 and a current ratio of 1.66. Trupanion, Inc. has a 1-year low of $19.69 and a 1-year high of $57.90. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -170.72 and a beta of 1.60.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.09. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. The company had revenue of $327.50 million for the quarter, compared to analysts' expectations of $321.79 million. During the same quarter in the previous year, the firm posted ($0.10) earnings per share. The firm's quarterly revenue was up 14.6% on a year-over-year basis. As a group, equities research analysts predict that Trupanion, Inc. will post -0.23 EPS for the current year.

Analyst Ratings Changes

TRUP has been the topic of a number of recent research reports. Northland Securities boosted their price target on shares of 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 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. Evercore ISI raised Trupanion to a "strong-buy" rating in a research report on Friday, August 9th. Bank of America lifted their target price on Trupanion from $47.00 to $56.00 and gave the company a "buy" rating in a report on Friday, September 20th. Finally, Stifel Nicolaus increased their price target on Trupanion from $30.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, September 23rd. Three research 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 stock. According to MarketBeat.com, Trupanion currently has a consensus rating of "Moderate Buy" and an average price target of $44.67.

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.