Goosehead Insurance, Inc (NASDAQ:GSHD) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. cut its stake in shares of Goosehead Insurance, Inc (NASDAQ:GSHD - Free Report) by 23.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,284,185 shares of the company's stock after selling 391,655 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 3.46% of Goosehead Insurance worth $137,691,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in GSHD. Sanctuary Advisors LLC acquired a new stake in shares of Goosehead Insurance during the third quarter worth $247,000. Wilmington Savings Fund Society FSB purchased a new position in Goosehead Insurance during the 3rd quarter worth $63,000. GAMMA Investing LLC lifted its stake in shares of Goosehead Insurance by 73.6% in the 4th quarter. GAMMA Investing LLC now owns 606 shares of the company's stock worth $65,000 after acquiring an additional 257 shares during the period. Wallace Advisory Group LLC purchased a new stake in shares of Goosehead Insurance in the fourth quarter valued at about $293,000. Finally, Mechanics Bank Trust Department increased its stake in shares of Goosehead Insurance by 4.5% during the fourth quarter. Mechanics Bank Trust Department now owns 2,552 shares of the company's stock worth $274,000 after acquiring an additional 109 shares during the period.

Insider Buying and Selling at Goosehead Insurance

In other news, Director Thomas Mcconnon sold 205,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $121.35, for a total value of $24,876,750.00. Following the transaction, the director now directly owns 339,008 shares in the company, valued at $41,138,620.80. This trade represents a 37.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Mark E. Jr. Jones purchased 1,010 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of $118.02 per share, for a total transaction of $119,200.20. Following the acquisition, the chief financial officer now directly owns 2,342 shares of the company's stock, valued at $276,402.84. This trade represents a 75.83 % increase in their position. The disclosure for this purchase can be found here. Insiders sold 308,812 shares of company stock worth $37,392,258 in the last 90 days. 48.35% of the stock is owned by company insiders.

Goosehead Insurance Price Performance

GSHD stock traded up $0.45 on Wednesday, reaching $96.37. The company had a trading volume of 67,810 shares, compared to its average volume of 275,877. The company's fifty day moving average is $112.75 and its 200 day moving average is $111.42. The company has a market cap of $3.59 billion, a P/E ratio of 133.85, a PEG ratio of 5.17 and a beta of 1.48. 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.

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on Goosehead Insurance from $145.00 to $140.00 and set a "buy" rating on the stock in a report on Monday. 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 report on Thursday, April 24th. BMO Capital Markets decreased their target price on shares of Goosehead Insurance from $148.00 to $142.00 and set a "market perform" rating on the stock in a research report on Monday. Piper Sandler cut their price target on shares of Goosehead Insurance from $132.00 to $122.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Bank of America boosted their price objective on shares of Goosehead Insurance from $39.00 to $43.00 and gave the stock an "underperform" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $115.40.

Goosehead Insurance 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.