Insider Selling: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $1,826,711.16 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 45,588 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $40.07, for a total transaction of $1,826,711.16. Following the sale, the insider owned 7,004,768 shares in the company, valued at approximately $280,681,053.76. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.76, for a total transaction of $390,806.88.
• On Friday, May 22nd, & Robyn Jones Descendants Mark sold 82,689 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.77, for a total transaction of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The stock was sold at an average price of $41.36, for a total transaction of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The stock was sold at an average price of $45.32, for a total value of $230,678.80.
• On Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The stock was sold at an average price of $48.07, for a total value of $255,107.49.
• On Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The stock was sold at an average price of $49.06, for a total value of $8,781.74.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $35.23 on Friday. Goosehead Insurance has a 1-year low of $33.68 and a 1-year high of $113.00. The business’s fifty day moving average price is $42.48 and its two-hundred day moving average price is $56.88. The firm has a market capitalization of $1.25 billion, a PE ratio of 30.90, a P/E/G ratio of 1.30 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD) last issued its earnings results on Thursday, April 23rd. The company reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The firm had revenue of $79.48 million for the quarter, compared to analyst estimates of $105.16 million. During the same period last year, the company earned $0.26 earnings per share. The firm’s revenue for the quarter was up 23.1% on a year-over-year basis. Equities research analysts expect that Goosehead Insurance will post 1.49 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in GSHD. AQR Capital Management LLC increased its stake in shares of Goosehead Insurance by 85.7% during the first quarter. AQR Capital Management LLC now owns 4,332 shares of the company’s stock valued at $511,000 after acquiring an additional 1,999 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Goosehead Insurance by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,369 shares of the company’s stock valued at $1,578,000 after acquiring an additional 578 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Goosehead Insurance by 86.6% during the first quarter. Goldman Sachs Group Inc. now owns 354,775 shares of the company’s stock valued at $41,885,000 after acquiring an additional 164,693 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Goosehead Insurance by 5.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 58,395 shares of the company’s stock valued at $6,894,000 after acquiring an additional 3,218 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Goosehead Insurance by 28.2% during the first quarter. Intech Investment Management LLC now owns 11,179 shares of the company’s stock valued at $1,320,000 after acquiring an additional 2,461 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. UBS Group raised their price target on shares of Goosehead Insurance from $81.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, April 27th. BMO Capital Markets dropped their price target on shares of Goosehead Insurance from $79.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 18th. Royal Bank Of Canada raised their price target on shares of Goosehead Insurance from $49.00 to $52.00 and gave the company a “sector perform” rating in a research note on Thursday, April 23rd. Citizens Jmp dropped their price target on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research note on Monday, April 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Goosehead Insurance from $75.00 to $80.00 and gave the company an “outperform” rating in a research note on Thursday, April 23rd. Seven investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Goosehead Insurance has a consensus rating of “Hold” and a consensus target price of $66.73.

About Goosehead Insurance

Goosehead Insurance (NASDAQ: GSHD) is a technology-driven insurance agency that connects consumers with a broad range of personal and commercial insurance products through an extensive network of independent insurance advisors. The company specializes in homeowners, auto, flood, dwelling fire, umbrella, life, and commercial lines coverage, working with multiple national and regional carriers to offer tailored policies. By combining advanced quoting tools with local market expertise, Goosehead streamlines the insurance shopping process and helps clients find competitive coverage options.

Founded in 2003 and headquartered in Westlake, Texas, Goosehead has grown its footprint across more than 40 states in the U.S.