Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 100,000 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $65.31, for a total value of $6,531,000.00. Following the completion of the transaction, the insider owned 6,767,661 shares in the company, valued at approximately $441,995,939.91. This represents a 1.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% 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 Tuesday, August 4th, & Robyn Jones Descendants Mark sold 22,481 shares of Goosehead Insurance stock. The stock was sold at an average price of $66.87, for a total transaction of $1,503,304.47.
• On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.27, for a total transaction 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 transaction 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 transaction of $390,806.88.
• On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The stock was 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 shares were 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 shares were sold at an average price of $41.36, for a total transaction of $2,926,261.36.

Goosehead Insurance Price Performance

Shares of Goosehead Insurance stock opened at $66.95 on Thursday. The company’s 50 day moving average price is $48.51 and its two-hundred day moving average price is $48.53. The firm has a market capitalization of $2.38 billion, a P/E ratio of 48.87, a P/E/G ratio of 2.46 and a beta of 1.38. Goosehead Insurance has a fifty-two week low of $33.68 and a fifty-two week high of $90.79.

Goosehead Insurance (NASDAQ:GSHD) last announced 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. 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 the consensus estimate of $103.30 million. During the same period in the prior year, the business earned $0.49 earnings per share. The company’s revenue for the quarter was up 20.6% compared to the same quarter last year. On average, analysts expect that Goosehead Insurance will post 1.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

GSHD has been the subject of a number of recent research reports. UBS Group upped their target price on Goosehead Insurance from $70.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Citizens Jmp cut their price target on 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. Weiss Ratings upgraded Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, July 9th. Royal Bank Of Canada upped 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. Finally, Bank of America dropped their price objective on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Goosehead Insurance presently has a consensus rating of “Hold” and an average price target of $68.45.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Handelsbanken Fonder AB grew its position in shares of Goosehead Insurance by 12.1% in the 2nd quarter. Handelsbanken Fonder AB now owns 6,500 shares of the company’s stock valued at $315,000 after buying an additional 700 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Goosehead Insurance by 484.1% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after buying an additional 426 shares during the period. Versant Capital Management Inc raised its position in shares of Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock worth $37,000 after acquiring an additional 637 shares during the last quarter. Bank of America Corp DE raised its position in shares of Goosehead Insurance by 28.2% during the first quarter. Bank of America Corp DE now owns 329,333 shares of the company’s stock worth $14,049,000 after acquiring an additional 72,527 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in shares of Goosehead Insurance by 3,485.1% in the first quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after acquiring an additional 376,114 shares during the period.

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.