Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Lindy Langston Sells 11,042 Shares

Goosehead Insurance, Inc (NASDAQ:GSHD - Get Free Report) major shareholder Lindy Langston sold 11,042 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $110.20, for a total transaction of $1,216,828.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Lindy Langston also recently made the following trade(s):

• On Wednesday, May 28th, Lindy Langston sold 2,853 shares of Goosehead Insurance stock. The shares were sold at an average price of $110.16, for a total value of $314,286.48.
• On Tuesday, May 20th, Lindy Langston sold 1,105 shares of Goosehead Insurance stock. The stock was sold at an average price of $110.05, for a total value of $121,605.25.

Goosehead Insurance Stock Performance

Shares of NASDAQ GSHD traded up $0.70 during midday trading on Tuesday, hitting $112.25. The company's stock had a trading volume of 45,154 shares, compared to its average volume of 280,942. The company has a debt-to-equity ratio of 37.70, a quick ratio of 1.55 and a current ratio of 1.55. Goosehead Insurance, Inc has a 1-year low of $54.80 and a 1-year high of $130.39. The firm's fifty day moving average price is $107.38 and its 200-day moving average price is $111.30. The firm has a market cap of $4.21 billion, a P/E ratio of 155.90, a P/E/G ratio of 5.17 and a beta of 1.45.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $75.58 million during the quarter, compared to the consensus estimate of $78.59 million. Goosehead Insurance had a return on equity of 284.41% and a net margin of 6.77%. Goosehead Insurance's quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, sell-side analysts forecast that Goosehead Insurance, Inc will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its position in shares of Goosehead Insurance by 0.9% during the fourth quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the company's stock worth $1,265,000 after buying an additional 100 shares during the period. Janus Henderson Group PLC boosted its position in Goosehead Insurance by 0.6% during the 4th quarter. Janus Henderson Group PLC now owns 22,109 shares of the company's stock worth $2,371,000 after acquiring an additional 139 shares during the period. TCTC Holdings LLC grew its stake in shares of Goosehead Insurance by 117.1% in the first quarter. TCTC Holdings LLC now owns 330 shares of the company's stock worth $39,000 after purchasing an additional 178 shares in the last quarter. KBC Group NV increased its holdings in shares of Goosehead Insurance by 20.7% during the first quarter. KBC Group NV now owns 1,101 shares of the company's stock valued at $130,000 after purchasing an additional 189 shares during the period. Finally, Bessemer Group Inc. increased its holdings in shares of 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 purchasing an additional 191 shares during the period.

Analyst Ratings Changes

Several research firms recently commented on GSHD. BMO Capital Markets cut their price target on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. 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 report on Tuesday, February 25th. UBS Group decreased their price target on shares of Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating for the company in a research report on Monday, April 28th. JMP Securities reissued a "market outperform" rating and issued a $150.00 price objective on shares of Goosehead Insurance in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. reduced their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating on the stock in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $115.40.

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.