Goosehead Insurance $GSHD Shares Sold by Cubist Systematic Strategies LLC

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 decreased its position in shares of Goosehead Insurance (NASDAQ:GSHD - Free Report) by 61.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of GSHD. Bessemer Group Inc. increased its position in Goosehead Insurance by 192.9% during the first quarter. Bessemer Group Inc. now owns 290 shares of the company's stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. TCTC Holdings LLC increased its position in Goosehead Insurance by 117.1% during the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock valued at $39,000 after acquiring an additional 178 shares during the last quarter. Larson Financial Group LLC increased its position in Goosehead Insurance by 1,251.6% during the first quarter. Larson Financial Group LLC now owns 419 shares of the company's stock valued at $49,000 after acquiring an additional 388 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Goosehead Insurance during the first quarter valued at $53,000. Finally, SVB Wealth LLC bought a new position in Goosehead Insurance during the first quarter valued at $62,000.

Insider Activity

In related news, major shareholder Adrienne Kebodeaux sold 3,000 shares of Goosehead Insurance stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $86.30, for a total value of $258,900.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark E. Jr. Jones purchased 1,149 shares of the company's stock in a transaction that occurred on Tuesday, July 29th. The stock was bought at an average cost of $86.08 per share, for a total transaction of $98,905.92. Following the purchase, the chief financial officer directly owned 3,491 shares in the company, valued at $300,505.28. This trade represents a 49.06% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 244,770 shares of company stock valued at $21,568,721 in the last three months. 37.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Zacks Research upgraded shares of Goosehead Insurance from a "strong sell" rating to a "hold" rating in a report on Monday, August 25th. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $142.00 to $110.00 and set a "market perform" rating on the stock in a report on Friday, July 25th. Keefe, Bruyette & Woods cut their price target on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating on the stock in a report on Thursday, July 24th. Piper Sandler cut their price target on shares of Goosehead Insurance from $109.00 to $92.00 and set a "neutral" rating on the stock in a report on Tuesday, September 2nd. Finally, UBS Group cut their price target on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating on the stock in a report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $109.36.

Goosehead Insurance Stock Performance

NASDAQ:GSHD traded down $1.04 during midday trading on Monday, hitting $79.63. The company's stock had a trading volume of 327,867 shares, compared to its average volume of 230,684. Goosehead Insurance has a fifty-two week low of $78.50 and a fifty-two week high of $130.39. The firm's 50 day moving average is $89.20 and its 200-day moving average is $101.73. 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 firm has a market cap of $2.99 billion, a P/E ratio of 70.47, a P/E/G ratio of 6.90 and a beta of 1.34.

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

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.