Trupanion Inc. (NASDAQ: TRUP) chief financial officer Fawwad Qureshi sold 6,111 common shares on August 26 at a weighted average price of $30.01, totaling $183,391, according to regulatory filings.
The transactions occurred at individual prices ranging from $29.62 to $30.17 per share. Separately, Qureshi acquired 13,746 shares through the conversion of restricted stock units between August 22 and August 25, with 5,486 shares withheld to cover income tax obligations amounting to $174,355. After these adjustments, Qureshi’s direct beneficial ownership in Trupanion stood at 4,230 shares.
The sales follow Trupanion’s second-quarter 2026 results, which showed a profit turnaround. The company reported earnings of $0.16 per share, exceeding the $0.1133 estimate, and revenue of $392.9 million, up 11% year-over-year. Shares of Trupanion were trading at $30.19 on Tuesday, down 19% for the year.
Trupanion also announced plans to terminate its relationship with Pets Best, its largest third-party customer, after the third quarter of 2028, a move expected to reduce enrollments. Analysts at Piper Sandler downgraded Trupanion from Overweight to Neutral, citing broader macroeconomic challenges, and lowered its price target to $32 from $45. Stifel, however, raised its target to $29 from $28 while maintaining a Hold rating.
