Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Trupanion Inc. shares valued at $234,014 were sold by RAWLINGS DARRYL on Feb 13. At $58.50 per share, RAWLINGS DARRYL sold 4,000 shares. The insider’s holdings dropped to 849,109 shares worth approximately $47.86 million following the completion of this transaction.
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Also, PLOUF TRICIA sold 700 shares, netting a total of over 41,829 in proceeds. Following the sale of shares at $59.76 each, the insider now holds 41,023 shares.
Before that, Friedman Gavin had sold 500 shares from its account. In a trade valued at $29,365, the EVP, Legal and Regulatory traded Trupanion Inc. shares for $58.73 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.54 million.
As published in their initiating research note from Jefferies on September 21, 2022, Trupanion Inc. [TRUP] has been a Buy and the price target has been revised to $77. This represents a 26.79% premium over Thursday’s closing price. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of February 24, 2022, BofA Securities has increased its “Neutral” rating to a “Buy” for TRUP. Earlier on November 08, 2021, BofA Securities downgraded its rating. Their new recommendation was “a Neutral” for TRUP stock which previously was a “a Buy”.
Analyzing TRUP Stock Performance
On Thursday, Trupanion Inc. [NASDAQ: TRUP] rose 3.32% to $56.37. The stock’s lowest price that day was $53.69, but it reached a high of $56.67 in the same session. During the last five days, there has been a drop of approximately -10.47%. Over the course of the year, Trupanion Inc. shares have jumped approximately 18.60%. Shares of the company reached a 52-week high of $69.15 on 02/03/23 and a 52-week low of $43.54 on 01/06/23. A 50-day SMA is recorded $54.24, while a 200-day SMA reached $59.28. Nevertheless, trading volume fell to 0.54 million shares from 0.42 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 54.48, which, if violated, would cause prices to drop to 52.60. In the upper region, resistance lies at 57.46. The next price resistance is at 58.56. RSI (Relative Strength Index) is 48.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.09, which suggests the price will decrease in the coming days. Percent R is at 76.21%, indicating bearish price movement. Stochastics %K at buying 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 Jan 12, 2023 jumping by 0.11 million shares to 7.28 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 7.17 million shares. A jump of 1.51% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 17.52 of the overall float, the days-to-cover ratio (short ratio) jumped to 17.52.
Which companies own the most shares of Trupanion Inc. (TRUP)?
According to BlackRock Fund Advisors filings, the company currently owns 5,404,868 shares, which is about 13.22% of the total TRUP shares outstanding. The investor’s shares have appreciated by 316,022 from its previous 13-F filing of 5088846.0 shares. The Vanguard Group, Inc. acquire a 0.25% interest valued at $230.12 million while Nine Ten Capital Management LLC purchased a 105,008 stake. A total of 1,133,116 shares of Trupanion Inc. were bought by Flossbach von Storch AG during the quarter, and -376,315 were sold by AllianceBernstein LP. In its current portfolio, Capital Research & Management Co holds 1,544,447 shares valued at $91.15 million.