Goosehead Insurance (NASDAQ:GSHD) Major Shareholder & Robyn Jones Descendants Mark Sells 22,481 Shares

Goosehead Insurance (NASDAQ:GSHD) major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the completion of the transaction, the insider directly owned 6,767,661 shares of the company’s stock, valued at $452,553,491.07. The trade was a 0.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major 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 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 transaction 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 transaction of $166,934.13.
• On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The stock was 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 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 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 stock was sold at an average price of $41.36, for a total transaction of $2,926,261.36.

Goosehead Insurance Price Performance

GSHD stock traded down $1.61 during midday trading on Wednesday, hitting $66.95. The stock had a trading volume of 461,154 shares, compared to its average volume of 515,081. The firm has a market cap of $2.38 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 2.35 and a beta of 1.38. Goosehead Insurance has a 12-month low of $33.68 and a 12-month high of $90.79. The company’s 50-day moving average price is $47.93 and its 200 day moving average price is $48.57.

Goosehead Insurance (NASDAQ:GSHD) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.17. Goosehead Insurance had a negative return on equity of 21.00% and a net margin of 8.78%.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 previous year, the firm posted $0.49 EPS. Goosehead Insurance’s revenue was up 20.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Goosehead Insurance will post 1.45 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citizens Jmp reduced their target price on Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating on the stock in a research report on Monday, April 13th. Cantor Fitzgerald restated an “overweight” rating and issued a $76.00 price target on shares of Goosehead Insurance in a report on Thursday, July 23rd. UBS Group upped their price objective on shares of Goosehead Insurance from $70.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Piper Sandler upped their price objective on shares of Goosehead Insurance from $52.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Goosehead Insurance from $55.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $68.45.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in GSHD. Handelsbanken Fonder AB boosted its holdings in Goosehead Insurance by 12.1% in the second quarter. Handelsbanken Fonder AB now owns 6,500 shares of the company’s stock valued at $315,000 after acquiring an additional 700 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after acquiring an additional 426 shares during the period. Versant Capital Management Inc increased its stake in 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 increased its stake in 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 raised its holdings in shares of Goosehead Insurance by 3,485.1% in the 1st quarter. Janus Henderson Group PLC now owns 386,906 shares of the company’s stock worth $16,506,000 after purchasing 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.