Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 125,000 Shares of Stock

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 125,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $69.71, for a total transaction of $8,713,750.00. Following the completion of the transaction, the insider owned 6,870,180 shares in the company, valued at $478,920,247.80. This trade represents a 1.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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 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 transaction of $166,934.13.
• 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 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 transaction 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 shares were sold at an average price of $41.36, for a total value of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.32, for a total value of $230,678.80.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded down $6.86 during trading on Thursday, hitting $63.86. The company had a trading volume of 806,747 shares, compared to its average volume of 513,352. Goosehead Insurance has a 12 month low of $33.68 and a 12 month high of $93.90. The firm has a market capitalization of $2.27 billion, a P/E ratio of 46.61, a price-to-earnings-growth ratio of 2.48 and a beta of 1.41. The stock has a 50 day simple moving average of $46.04 and a 200 day simple moving average of $48.80.

Goosehead Insurance (NASDAQ:GSHD) last released its 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. Goosehead Insurance had a net margin of 8.78% and a negative return on equity of 21.00%. The company had revenue of $95.63 million during the quarter, compared to analyst estimates of $103.30 million. During the same period in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was up 20.6% compared to the same quarter last year. As a group, analysts predict that Goosehead Insurance will post 1.45 EPS for the current year.

Analyst Upgrades and Downgrades

GSHD has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on shares of Goosehead Insurance from $55.00 to $58.00 and gave the company a “sector perform” rating in a research note on Thursday, July 23rd. JPMorgan Chase & Co. raised their price target on Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, July 13th. UBS Group boosted their price objective on Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $76.00 price objective on shares of Goosehead Insurance in a research note on Thursday, July 23rd. Finally, Piper Sandler increased their target price on Goosehead Insurance from $52.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Goosehead Insurance currently has a consensus rating of “Hold” and a consensus price target of $68.45.

Institutional Inflows and Outflows

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

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.