Insider Selling: Goosehead Insurance (NASDAQ:GSHD) Major Shareholder Sells 48,320 Shares of Stock

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold a significant 48,320 shares of Goosehead Insurance at an average price of $87.11, totaling over $4.2 million, which decreased their ownership by 26.75%.
• Goosehead Insurance stock is currently down 4.7%, trading at $86.46, and has a consensus rating of "Hold" from analysts.
• The company's latest earnings report showed a missed EPS estimate of $0.49 compared to a consensus of $0.53, while revenue grew by 20.4% year-over-year to $94.03 million.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 48,320 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $87.11, for a total transaction of $4,209,155.20. Following the completion of the sale, the insider directly owned 132,349 shares of the company's stock, valued at approximately $11,528,921.39. This represents a 26.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

& Robyn Jones Descendants Mark also recently made the following trade(s):

• On Friday, August 15th, & Robyn Jones Descendants Mark sold 600 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.01, for a total value of $52,206.00.
• On Thursday, August 14th, & Robyn Jones Descendants Mark sold 21,391 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.60, for a total value of $1,873,851.60.
• On Wednesday, August 13th, & Robyn Jones Descendants Mark sold 60,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $88.23, for a total transaction of $5,293,800.00.
• On Friday, August 8th, & Robyn Jones Descendants Mark sold 14,717 shares of Goosehead Insurance stock. The shares were sold at an average price of $87.18, for a total transaction of $1,283,028.06.
• On Monday, August 11th, & Robyn Jones Descendants Mark sold 45,998 shares of Goosehead Insurance stock. The stock was sold at an average price of $86.44, for a total transaction of $3,976,067.12.
• On Thursday, August 7th, & Robyn Jones Descendants Mark sold 6,175 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.14, for a total transaction of $538,089.50.
• On Wednesday, August 6th, & Robyn Jones Descendants Mark sold 12,153 shares of Goosehead Insurance stock. The stock was sold at an average price of $87.60, for a total transaction of $1,064,602.80.
• On Tuesday, August 5th, & Robyn Jones Descendants Mark sold 900 shares of Goosehead Insurance stock. The stock was sold at an average price of $89.41, for a total value of $80,469.00.
• On Thursday, July 31st, & Robyn Jones Descendants Mark sold 31,516 shares of Goosehead Insurance stock. The stock was sold at an average price of $93.24, for a total value of $2,938,551.84.

Goosehead Insurance Price Performance

NASDAQ:GSHD traded up $1.14 during trading hours on Tuesday, reaching $86.43. The stock had a trading volume of 32,532 shares, compared to its average volume of 301,371. The company has a 50 day moving average price of $96.51 and a two-hundred day moving average price of $105.75. Goosehead Insurance has a 52 week low of $79.33 and a 52 week high of $130.39. The company has a debt-to-equity ratio of 2.10, a quick ratio of 2.92 and a current ratio of 2.92. The stock has a market capitalization of $3.25 billion, a PE ratio of 76.80, a PEG ratio of 7.37 and a beta of 1.31.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.53 by ($0.04). Goosehead Insurance had a net margin of 8.76% and a negative return on equity of 59.49%. The business had revenue of $94.03 million during the quarter, compared to the consensus estimate of $94.18 million. During the same period in the previous year, the business posted $0.43 EPS. The firm's revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Goosehead Insurance will post 0.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GSHD shares. UBS Group decreased their price objective on shares of Goosehead Insurance from $140.00 to $136.00 and set a "buy" rating for the company in a report on Monday, July 28th. Keefe, Bruyette & Woods cut their price objective on shares of Goosehead Insurance from $130.00 to $120.00 and set an "outperform" rating for the company in a research report on Thursday, July 24th. JMP Securities reaffirmed a "market outperform" rating and issued a $150.00 target price on shares of Goosehead Insurance in a report on Thursday, April 24th. Cantor Fitzgerald raised Goosehead Insurance to a "strong-buy" rating in a research note on Wednesday, August 13th. Finally, JPMorgan Chase & Co. cut their price objective on Goosehead Insurance from $100.00 to $98.00 and set a "neutral" rating for the company in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $110.91.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of GSHD. Wasatch Advisors LP raised its position in Goosehead Insurance by 12.6% in the 2nd quarter. Wasatch Advisors LP now owns 2,275,369 shares of the company's stock worth $240,074,000 after purchasing an additional 253,777 shares during the period. State Street Corp increased its stake in Goosehead Insurance by 1.4% in the 2nd quarter. State Street Corp now owns 1,027,500 shares of the company's stock worth $108,412,000 after buying an additional 14,311 shares during the period. Geode Capital Management LLC increased its stake in Goosehead Insurance by 25.4% in the 2nd quarter. Geode Capital Management LLC now owns 705,284 shares of the company's stock worth $74,422,000 after buying an additional 143,038 shares during the period. Durable Capital Partners LP bought a new stake in Goosehead Insurance during the 2nd quarter valued at about $71,832,000. Finally, Balyasny Asset Management L.P. boosted its position in Goosehead Insurance by 118.7% in the 2nd quarter. Balyasny Asset Management L.P. now owns 556,760 shares of the company's stock valued at $58,744,000 after buying an additional 302,130 shares during the period.

Goosehead Insurance Company Profile

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.