Insider Selling: Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $5,187,000.00 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 50,000 shares of Goosehead Insurance stock in a transaction on Monday, May 12th. The shares were sold at an average price of $103.74, for a total value of $5,187,000.00. Following the completion of the transaction, the insider now owns 132,349 shares of the company’s stock, valued at approximately $13,729,885.26. This trade represents a 27.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, May 14th, & Robyn Jones Descendants Mark sold 21,385 shares of Goosehead Insurance stock. The shares were sold at an average price of $104.76, for a total value of $2,240,292.60.
• On Thursday, May 8th, & Robyn Jones Descendants Mark sold 30,081 shares of Goosehead Insurance stock. The shares were sold at an average price of $101.95, for a total value of $3,066,757.95.
• On Monday, March 24th, & Robyn Jones Descendants Mark sold 43,712 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.82, for a total transaction of $5,281,283.84.
• On Wednesday, March 12th, & Robyn Jones Descendants Mark sold 500 shares of Goosehead Insurance stock. The stock was sold at an average price of $120.12, for a total transaction of $60,060.00.
• On Wednesday, March 5th, & Robyn Jones Descendants Mark sold 19,600 shares of Goosehead Insurance stock. The stock was sold at an average price of $123.09, for a total transaction of $2,412,564.00.

Goosehead Insurance Price Performance

Shares of NASDAQ GSHD opened at $108.90 on Friday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 37.70. Goosehead Insurance, Inc has a twelve month low of $54.80 and a twelve month high of $130.39. The stock has a 50 day moving average of $108.98 and a two-hundred day moving average of $111.59. The stock has a market cap of $4.09 billion, a P/E ratio of 151.25, a P/E/G ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Goosehead Insurance had a net margin of 6.77% and a return on equity of 284.41%. The firm had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. During the same quarter in the prior year, the firm earned $0.28 EPS. Goosehead Insurance’s revenue for the quarter was up 17.2% on a year-over-year basis. On average, research analysts forecast that Goosehead Insurance, Inc will post 0.83 earnings per share for the current year.

Institutional Investors Weigh In On Goosehead Insurance

A number of institutional investors and hedge funds have recently made changes to their positions in GSHD. GAMMA Investing LLC raised its holdings in shares of Goosehead Insurance by 73.6% in the fourth quarter. GAMMA Investing LLC now owns 606 shares of the company’s stock valued at $65,000 after buying an additional 257 shares during the last quarter. Wallace Advisory Group LLC purchased a new stake in Goosehead Insurance during the 4th quarter valued at approximately $293,000. Mechanics Bank Trust Department raised its stake in Goosehead Insurance by 4.5% during the 4th quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company’s stock valued at $274,000 after acquiring an additional 109 shares during the last quarter. Atomi Financial Group Inc. raised its stake in Goosehead Insurance by 12.5% during the 4th quarter. Atomi Financial Group Inc. now owns 3,462 shares of the company’s stock valued at $371,000 after acquiring an additional 385 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Goosehead Insurance by 885.5% during the fourth quarter. SG Americas Securities LLC now owns 51,662 shares of the company’s stock worth $5,539,000 after purchasing an additional 46,420 shares during the last quarter.

Analyst Ratings Changes

Several research firms have recently issued reports on GSHD. Piper Sandler decreased their price objective on shares of Goosehead Insurance from $132.00 to $122.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. JMP Securities reaffirmed a “market outperform” rating and set a $150.00 price target on shares of Goosehead Insurance in a report on Thursday, April 24th. Truist Financial restated a “hold” rating and set a $90.00 target price (up previously from $80.00) on shares of Goosehead Insurance in a research note on Tuesday, February 25th. BMO Capital Markets decreased their target price on Goosehead Insurance from $148.00 to $142.00 and set a “market perform” rating for the company in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Goosehead Insurance from $100.00 to $98.00 and set a “neutral” rating for the company in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $115.40.

Goosehead Insurance Company Profile

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that engages in the provision of personal lines insurance agency services in the United States. The company offers homeowner’s, automotive, dwelling property, flood, wind, earthquake, excess liability or umbrella, motorcycle, recreational vehicle, general liability, property, and life insurance products and services.