& Robyn Jones Descendants Mark Sells 9,588 Shares of Goosehead Insurance (NASDAQ:GSHD) Stock

Key Points

• Major shareholder & Robyn Jones Descendants Mark sold 9,588 Goosehead Insurance shares on May 27 at an average price of $40.76, worth about $390,807. The insider still held roughly 6.99 million shares after the sale.
• The selling came amid a series of recent insider disposals, including much larger sales on May 21, May 22, and May 26, indicating a sustained reduction in the stake over the past several weeks.
• Goosehead Insurance shares fell to $37.68 on the day of the report, while analysts currently have a Hold consensus on the stock with an average price target of $66.73.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 9,588 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $40.76, for a total value of $390,806.88. Following the completion of the sale, the insider directly owned 6,995,180 shares of the company's stock, valued at approximately $285,123,536.80. This trade represents a 0.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Large 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 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 value 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 value of $3,453,919.53.
• On Thursday, May 21st, & Robyn Jones Descendants Mark sold 70,751 shares of Goosehead Insurance stock. The shares were sold at an average price of $41.36, for a total value of $2,926,261.36.
• On Friday, May 1st, & Robyn Jones Descendants Mark sold 5,090 shares of Goosehead Insurance stock. The shares were sold at an average price of $45.32, for a total value of $230,678.80.
• On Wednesday, April 29th, & Robyn Jones Descendants Mark sold 5,307 shares of Goosehead Insurance stock. The shares were sold at an average price of $48.07, for a total value of $255,107.49.
• On Tuesday, April 28th, & Robyn Jones Descendants Mark sold 179 shares of Goosehead Insurance stock. The shares were sold at an average price of $49.06, for a total value of $8,781.74.

Goosehead Insurance Stock Performance

Goosehead Insurance stock traded down $2.32 during midday trading on Wednesday, reaching $37.68. The company's stock had a trading volume of 531,561 shares, compared to its average volume of 376,406. Goosehead Insurance has a fifty-two week low of $35.83 and a fifty-two week high of $113.00. The stock's 50 day simple moving average is $42.68 and its 200 day simple moving average is $57.13. The firm has a market capitalization of $1.34 billion, a PE ratio of 33.05, a P/E/G ratio of 1.38 and a beta of 1.62.

Goosehead Insurance (NASDAQ:GSHD - Get Free Report) last released its earnings results on Thursday, April 23rd. The company reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.17. Goosehead Insurance had a negative return on equity of 20.96% and a net margin of 7.94%.The company had revenue of $79.48 million during the quarter, compared to the consensus estimate of $105.16 million. During the same quarter last year, the company earned $0.26 earnings per share. Goosehead Insurance's quarterly revenue was up 23.1% compared to the same quarter last year. Equities analysts predict that Goosehead Insurance will post 1.49 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GSHD. Keefe, Bruyette & Woods raised their price target on Goosehead Insurance from $75.00 to $80.00 and gave the company an "outperform" rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. dropped their price target on Goosehead Insurance from $58.00 to $55.00 and set a "neutral" rating for the company in a research report on Thursday, May 14th. Truist Financial dropped their price target on Goosehead Insurance from $72.00 to $58.00 and set a "hold" rating for the company in a research report on Wednesday, February 18th. Royal Bank Of Canada raised their price target on Goosehead Insurance from $49.00 to $52.00 and gave the company a "sector perform" rating in a research report on Thursday, April 23rd. Finally, Cantor Fitzgerald dropped their price target on Goosehead Insurance from $84.00 to $67.00 and set an "overweight" rating for the company in a research report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $66.73.

Institutional Trading of Goosehead Insurance

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its position in Goosehead Insurance by 28.2% during the 1st quarter. Bank of America Corp DE now owns 329,333 shares of the company's stock worth $14,049,000 after purchasing an additional 72,527 shares in the last quarter. Janus Henderson Group PLC increased its position in Goosehead Insurance by 3,485.1% during 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 in the last quarter. California State Teachers Retirement System increased its position in Goosehead Insurance by 45.6% during the 1st quarter. California State Teachers Retirement System now owns 35,351 shares of the company's stock worth $1,508,000 after purchasing an additional 11,072 shares in the last quarter. Royal Bank of Canada increased its position in Goosehead Insurance by 8.9% during the 1st quarter. Royal Bank of Canada now owns 73,306 shares of the company's stock worth $3,127,000 after purchasing an additional 5,965 shares in the last quarter. Finally, Quantinno Capital Management LP increased its position in Goosehead Insurance by 52.7% during the 1st quarter. Quantinno Capital Management LP now owns 31,878 shares of the company's stock worth $1,360,000 after purchasing an additional 11,003 shares in the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.