Insider Selling: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells $1,503,304.47 in Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the transaction, the insider owned 6,767,661 shares in the company, valued at approximately $452,553,491.07. This trade represents a 0.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, August 3rd, & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.31, for a total value of $6,531,000.00.
• On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The stock was sold at an average price of $66.27, for a total value of $166,934.13.
• On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $69.71, for a total value of $8,713,750.00.
• On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.76, for a total value of $390,806.88.
• On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.07, for a total value of $1,826,711.16.
• 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 value 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 value of $2,926,261.36.

Goosehead Insurance Price Performance

Shares of GSHD stock opened at $65.20 on Friday. The business’s 50 day simple moving average is $49.76 and its 200 day simple moving average is $48.62. Goosehead Insurance has a one year low of $33.68 and a one year high of $90.79. The stock has a market capitalization of $2.32 billion, a PE ratio of 47.59, a PEG ratio of 2.39 and a beta of 1.38.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.17. The firm had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.49 EPS. As a group, research analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current year.

Hedge Funds Weigh In On Goosehead Insurance

Institutional investors and hedge funds have recently made changes to their positions in the stock. Durable Capital Partners LP grew its stake in Goosehead Insurance by 126.5% in the third quarter. Durable Capital Partners LP now owns 1,542,186 shares of the company’s stock valued at $114,769,000 after acquiring an additional 861,374 shares during the period. Wasatch Advisors LP raised its position in shares of Goosehead Insurance by 32.3% during the first quarter. Wasatch Advisors LP now owns 2,292,227 shares of the company’s stock worth $97,786,000 after purchasing an additional 559,087 shares during the period. T. Rowe Price Investment Management Inc. raised its position in shares of Goosehead Insurance by 38.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 2,002,003 shares of the company’s stock worth $147,448,000 after purchasing an additional 556,293 shares during the period. Langdon Equity Partners bought a new position in shares of Goosehead Insurance in the 4th quarter worth $41,892,000. Finally, Janus Henderson Group PLC grew its position in Goosehead Insurance by 3,485.1% in the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock valued at $16,506,000 after purchasing an additional 376,114 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Piper Sandler boosted their target price on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Cantor Fitzgerald reiterated an “overweight” rating and set a $76.00 price target on shares of Goosehead Insurance in a report on Thursday, July 23rd. Royal Bank Of Canada boosted their price objective on Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. Bank of America cut their target price on Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. raised their target price on Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, July 13th. Seven 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $68.45.

Goosehead Insurance Company Profile

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.