Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Trupanion Inc. shares valued at $256,836 were sold by RAWLINGS DARRYL on Jul 26. At $64.21 per share, RAWLINGS DARRYL sold 4,000 shares. The insider’s holdings dropped to 857,109 shares worth approximately $55.76 million following the completion of this transaction.
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Also, RAWLINGS DARRYL sold 4,000 shares, netting a total of over 264,440 in proceeds. Following the sale of shares at $66.11 each, the insider now holds 861,109 shares.
Before that, DOAK MICHAEL had sold 700 shares from its account. In a trade valued at $42,000, the Director traded Trupanion Inc. shares for $60.00 each. Upon closing the transaction, the insider’s holdings decreased to 700 shares, worth approximately $65515.420000000006.
As published in a research note from Piper Sandler on August 04, 2022, Trupanion Inc. [TRUP] has been rated down from an Overweight to a Neutral and the price target has been revised to $69 from $80. This represents a 5.71% premium over Thursday’s closing price. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late February. As of November 08, 2021, BofA Securities has decreased its “Buy” rating to a “Neutral” for TRUP. Earlier on October 18, 2021, BofA Securities initiated its rating. Their recommendation was “a Buy” for TRUP stock.
Analyzing TRUP’s Price Performance
On Thursday, Trupanion Inc. [NASDAQ: TRUP] plunged -4.32% to $65.06. The stock’s lowest price that day was $58.61, but it reached a high of $67.99 in the same session. During the last five days, there has been a surge of approximately 1.62%. Over the course of the year, Trupanion Inc. shares have dropped approximately -50.72%. Shares of the company reached a 52-week high of $135.11 on 01/03/22 and a 52-week low of $50.81 on 06/14/22. A 50-day SMA is recorded $62.94, while a 200-day SMA reached $89.58. Nevertheless, trading volume fell to 1.08 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Trupanion Inc. (TRUP)
According to the 24-hour chart, there is a support level at 59.78, which, if violated, would cause prices to drop to 54.51. In the upper region, resistance lies at 69.16. The next price resistance is at 73.27. RSI (Relative Strength Index) is 50.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 52.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Trupanion Inc. subject to short interest?
Stocks of Trupanion Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.0 shares to 6.12 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.12 million shares. A decline of 0.0% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 15.97 of the overall float, the days-to-cover ratio (short ratio) decline to 15.97.
Which companies own the most shares of Trupanion Inc. (TRUP)?
According to BlackRock Fund Advisors filings, the company currently owns 5,097,864 shares, which is about 12.52% of the total TRUP shares outstanding. The investor’s shares have plunged by -44,666 from its previous 13-F filing of 5142530.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $226,846,058. Capital Research & Management Co reduced a -0.02% interest valued at $145.13 million while AllianceBernstein LP purchased a 1,112,173 stake. A total of 368,343 shares of Trupanion Inc. were bought by Nine Ten Capital Management LLC during the quarter, and 0 were sold by Capital Research & Management Co. In its current portfolio, Wellington Management Co. LLP holds 1,383,794 shares valued at $83.39 million.
In terms of Trupanion Inc. share price expectations, FactSet research, analysts set an average price target of $87.57 in the next 12 months, up nearly 25.0% from the previous closing price of $68.00. Analysts anticipate Trupanion Inc. stock to reach $115.00 by 2022, with the lowest price target being $62.00. On October 06, 2021, Piper Sandler assigned a price target of “an Overweight” to the stock and initiated coverage with a $110.