Kopion Asset Management LLC Cuts Position in Trupanion, Inc. (NASDAQ:TRUP)

Kopion Asset Management LLC trimmed its holdings in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 22.5% in the fourth quarter, according to 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 makes up 8.0% of Kopion Asset Management LLC's investment portfolio, making the stock its biggest holding. Kopion Asset Management LLC owned approximately 0.56% of Trupanion worth $11,413,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC purchased a new position in shares of Trupanion during the 3rd quarter valued at $37,000. Wilmington Savings Fund Society FSB bought a new position in shares of Trupanion in the 3rd quarter worth $54,000. GAMMA Investing LLC increased its holdings in shares of Trupanion by 70.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,442 shares of the financial services provider's stock worth $61,000 after buying an additional 596 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Trupanion during the 3rd quarter valued at $202,000. Finally, Mutual of America Capital Management LLC bought a new stake in shares of Trupanion during the 3rd quarter worth $210,000.

Insiders Place Their Bets

In other Trupanion news, CFO Fawwad Qureshi sold 9,867 shares of the stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $53.08, for a total value of $523,740.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Emily Dreyer sold 3,100 shares of Trupanion stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $54.85, for a total value of $170,035.00. Following the completion of the sale, the senior vice president now owns 24,708 shares in the company, valued at approximately $1,355,233.80. This represents a 11.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 28,597 shares of company stock valued at $1,522,082 in the last quarter. Insiders own 5.50% of the company's stock.

Wall Street Analysts Forecast Growth

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

Trupanion Trading Up 8.2 %

TRUP stock traded up $3.59 during trading on Wednesday, hitting $47.24. 790,909 shares of the company traded hands, compared to its average volume of 677,112. The company has a 50-day moving average of $51.15 and a 200-day moving average of $45.27. 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 firm has a market capitalization of $2.00 billion, a PE ratio of -147.63 and a beta of 1.61.

Trupanion (NASDAQ:TRUP - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.03 earnings per share for the quarter, beating 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 firm had revenue of $327.50 million during the quarter, compared to analyst estimates of $321.79 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business's quarterly revenue was up 14.6% compared to the same quarter last year. Analysts predict 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.