Trupanion, Inc. $TRUP Shares Sold by Kopion Asset Management LLC

Key Points

• Kopion Asset Management LLC decreased its stake in Trupanion, Inc. by 22.1%, owning approximately 8.2% of the company after selling over 62,000 shares.
• Analysts have given Trupanion a consensus rating of "Moderate Buy" with a price target averaging $54.17, following upgrade reports from multiple firms.
• Trupanion reported earnings for the last quarter above analyst estimates, with a 12.3% year-over-year revenue growth and a $0.25 beat on EPS estimates.

Kopion Asset Management LLC cut its stake in Trupanion, Inc. (NASDAQ:TRUP - Free Report) by 22.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 219,009 shares of the financial services provider's stock after selling 62,063 shares during the quarter. Trupanion makes up 8.2% of Kopion Asset Management LLC's portfolio, making the stock its biggest holding. Kopion Asset Management LLC owned 0.51% of Trupanion worth $12,122,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Wellington Management Group LLP increased its stake in shares of Trupanion by 13.2% in the first quarter. Wellington Management Group LLP now owns 2,491,227 shares of the financial services provider's stock worth $92,848,000 after acquiring an additional 290,788 shares during the last quarter. Hosking Partners LLP increased its stake in shares of Trupanion by 86.9% in the first quarter. Hosking Partners LLP now owns 397,656 shares of the financial services provider's stock worth $14,821,000 after acquiring an additional 184,936 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in Trupanion by 2,029.0% during the first quarter. Jacobs Levy Equity Management Inc. now owns 303,550 shares of the financial services provider's stock worth $11,313,000 after buying an additional 289,292 shares during the last quarter. Millennium Management LLC increased its position in Trupanion by 73.5% during the first quarter. Millennium Management LLC now owns 267,976 shares of the financial services provider's stock worth $9,987,000 after buying an additional 113,490 shares during the last quarter. Finally, Trexquant Investment LP increased its position in Trupanion by 89.2% during the first quarter. Trexquant Investment LP now owns 261,246 shares of the financial services provider's stock worth $9,737,000 after buying an additional 123,137 shares during the last quarter.

Trupanion Price Performance

Shares of Trupanion stock traded down $0.02 during midday trading on Friday, reaching $44.80. The company had a trading volume of 147,788 shares, compared to its average volume of 583,936. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 172.26 and a beta of 1.72. The stock has a fifty day simple moving average of $47.41 and a 200 day simple moving average of $44.48. Trupanion, Inc. has a 1-year low of $31.00 and a 1-year high of $57.90.

Trupanion (NASDAQ:TRUP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.25. The business had revenue of $353.56 million during the quarter, compared to analyst estimates of $346.73 million. Trupanion had a net margin of 0.81% and a return on equity of 3.31%. Trupanion's revenue for the quarter was up 12.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.14) earnings per share. Trupanion has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. As a group, equities research analysts forecast that Trupanion, Inc. will post 0.13 earnings per share for the current year.

Insider Buying and Selling

In other Trupanion news, Director Darryl Rawlings sold 30,369 shares of Trupanion stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $44.70, for a total transaction of $1,357,494.30. Following the completion of the sale, the director owned 1,413,281 shares of the company's stock, valued at approximately $63,173,660.70. The trade was a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Fawwad Qureshi sold 2,800 shares of Trupanion stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $45.56, for a total transaction of $127,568.00. Following the sale, the chief financial officer directly owned 6,451 shares of the company's stock, valued at $293,907.56. This represents a 30.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 52,800 shares of company stock valued at $2,364,335. 5.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus increased their target price on shares of Trupanion from $41.00 to $45.00 and gave the stock a "hold" rating in a research report on Friday, August 8th. Piper Sandler raised their price target on Trupanion from $62.00 to $67.00 and gave the company an "overweight" rating in a research report on Friday, August 8th. Finally, Cantor Fitzgerald raised Trupanion to a "hold" rating in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.17.

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.