Cubist Systematic Strategies LLC Has $713,000 Stake in Goosehead Insurance $GSHD

Key Points

• Cubist Systematic Strategies LLC has reduced its stake in Goosehead Insurance by 61.3% in the first quarter, now holding 6,042 shares worth approximately $713,000.
• Major shareholder Adrienne Kebodeaux sold 3,000 shares for about $258,900, while another shareholder sold 60,000 shares for over $5.29 million, indicating significant insider selling activities.
• Goosehead Insurance reported an EPS of $0.49 for the most recent quarter, missing estimates, with a revenue of $94.03 million, reflecting a 20.4% year-over-year increase.

Cubist Systematic Strategies LLC lessened its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 61.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,042 shares of the company's stock after selling 9,559 shares during the period. Cubist Systematic Strategies LLC's holdings in Goosehead Insurance were worth $713,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Whitebark Investors LP acquired a new position in Goosehead Insurance in the 4th quarter valued at $55,326,000. Driehaus Capital Management LLC acquired a new stake in Goosehead Insurance in the first quarter valued at about $22,003,000. Ameriprise Financial Inc. boosted its stake in Goosehead Insurance by 110.0% in the fourth quarter. Ameriprise Financial Inc. now owns 149,750 shares of the company's stock valued at $16,054,000 after buying an additional 78,434 shares in the last quarter. Voloridge Investment Management LLC boosted its stake in Goosehead Insurance by 57.0% in the fourth quarter. Voloridge Investment Management LLC now owns 128,463 shares of the company's stock valued at $13,774,000 after buying an additional 46,665 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Goosehead Insurance by 2.4% in the first quarter. Principal Financial Group Inc. now owns 121,654 shares of the company's stock valued at $14,362,000 after buying an additional 2,800 shares in the last quarter.

Goosehead Insurance Trading Down 0.4%

Shares of Goosehead Insurance stock traded down $0.30 during midday trading on Friday, reaching $80.67. The company had a trading volume of 360,956 shares, compared to its average volume of 248,320. The company has a debt-to-equity ratio of 2.10, a current ratio of 2.92 and a quick ratio of 2.92. The stock has a fifty day moving average price of $89.62 and a 200 day moving average price of $102.31. Goosehead Insurance has a fifty-two week low of $79.32 and a fifty-two week high of $130.39. The firm has a market cap of $3.03 billion, a PE ratio of 71.39, a P/E/G ratio of 6.93 and a beta of 1.34.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a negative return on equity of 59.49% and a net margin of 8.76%.The business had revenue of $94.03 million for the quarter, compared to analyst estimates of $94.18 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. The business's revenue was up 20.4% on a year-over-year basis. Goosehead Insurance has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current year.

Insider Buying and Selling at Goosehead Insurance

In other news, major shareholder Adrienne Kebodeaux sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total transaction of $258,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder & Robyn Jones Descendants Mark sold 60,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $88.23, for a total value of $5,293,800.00. Following the transaction, the insider directly owned 132,349 shares in the company, valued at $11,677,152.27. The trade was a 31.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 244,770 shares of company stock valued at $21,568,721. 48.35% of the stock is currently owned by company insiders.

Analyst Ratings Changes

GSHD has been the topic of several research analyst reports. Keefe, Bruyette & Woods reduced their price objective on Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a research note on Thursday, July 24th. Zacks Research raised Goosehead Insurance from a "strong sell" rating to a "hold" rating in a research note on Monday, August 25th. UBS Group cut their price target on Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a research note on Monday, July 28th. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, BMO Capital Markets cut their price target on Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $109.36.

About Goosehead Insurance

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.