Trupanion, Inc. (NASDAQ:TRUP) is Kopion Asset Management LLC’s Largest Position

Kopion Asset Management LLC decreased its holdings in Trupanion, Inc. (NASDAQ:TRUP) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 236,787 shares of the financial services provider’s stock after selling 68,827 shares during the period. Trupanion comprises about 8.0% of Kopion Asset Management LLC’s investment portfolio, making the stock its biggest holding. Kopion Asset Management LLC’s holdings in Trupanion were worth $11,413,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Quest Partners LLC purchased a new position in shares of Trupanion in the 3rd quarter worth $37,000. Wilmington Savings Fund Society FSB purchased a new position in Trupanion in the third quarter worth about $54,000. GAMMA Investing LLC grew its stake in shares of Trupanion by 70.4% during the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 596 shares during the period. Entropy Technologies LP bought a new position in shares of Trupanion in the 3rd quarter worth approximately $202,000. Finally, Mutual of America Capital Management LLC purchased a new position in shares of Trupanion in the third quarter worth approximately $210,000.

Insider Buying and Selling at Trupanion

In related news, Director Murray B. Low sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $52.67, for a total value of $105,340.00. Following the completion of the transaction, the director now owns 131,513 shares of the company’s stock, valued at $6,926,789.71. The trade was a 1.50 % 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, EVP Steve Weinrauch sold 11,916 shares of the business’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 approximately $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. Insiders sold a total of 28,597 shares of company stock valued at $1,522,082 in the last three months. Company insiders own 5.50% of the company’s stock.

Wall Street Analyst Weigh In

TRUP has been the topic of several recent research reports. Bank of America increased their price target on shares of Trupanion from $47.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Stifel Nicolaus lifted their price target on shares of Trupanion from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, January 6th. Northland Securities lifted their price objective on shares of Trupanion from $45.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Piper Sandler boosted their price target on shares of Trupanion from $45.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $45.33.

Trupanion Trading Up 7.2 %

Trupanion stock traded up $3.14 during midday trading on Wednesday, reaching $46.79. The stock had a trading volume of 43,973 shares, compared to its average volume of 589,852. Trupanion, Inc. has a 52-week low of $19.69 and a 52-week high of $57.90. The company has a fifty day moving average of $51.15 and a 200 day moving average of $45.27. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -146.22 and a beta of 1.61. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.40.

Trupanion (NASDAQ:TRUP) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The firm had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. Trupanion had a negative return on equity of 4.36% and a negative net margin of 1.08%. Trupanion’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period last year, the company earned ($0.10) EPS. On average, analysts anticipate that Trupanion, Inc. will post -0.23 earnings per share for the current fiscal 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.