Insider Selling: Goosehead Insurance Inc (NASDAQ:GSHD) CEO Sells 5,500 Shares of Stock

Goosehead Insurance Inc (NASDAQ:GSHD) CEO Mark Evan Jones sold 5,500 shares of the business’s stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $40.27, for a total value of $221,485.00. Following the transaction, the chief executive officer now directly owns 725,801 shares in the company, valued at approximately $29,228,006.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Mark Evan Jones also recently made the following trade(s):

  • On Wednesday, November 13th, Mark Evan Jones sold 10,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $44.00, for a total value of $440,000.00.

Shares of GSHD traded up $0.51 during trading hours on Wednesday, hitting $40.13. The company had a trading volume of 272,425 shares, compared to its average volume of 182,891. The business has a fifty day moving average of $45.28 and a 200-day moving average of $44.46. The firm has a market cap of $616.16 million, a price-to-earnings ratio of 200.65, a PEG ratio of 2.42 and a beta of 0.13. Goosehead Insurance Inc has a 12 month low of $23.18 and a 12 month high of $51.98.

Goosehead Insurance (NASDAQ:GSHD) last announced its earnings results on Friday, November 1st. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $21.17 million during the quarter, compared to the consensus estimate of $21.57 million. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The business’s revenue was up 31.9% compared to the same quarter last year. On average, sell-side analysts forecast that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

GSHD has been the subject of several research analyst reports. Zacks Investment Research downgraded Goosehead Insurance from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. ValuEngine raised Goosehead Insurance from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. set a $60.00 price target on Goosehead Insurance and gave the company a “buy” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $52.00.

Institutional investors have recently added to or reduced their stakes in the business. Metropolitan Life Insurance Co NY lifted its position in Goosehead Insurance by 10.3% during the third quarter. Metropolitan Life Insurance Co NY now owns 3,549 shares of the company’s stock worth $175,000 after acquiring an additional 330 shares during the last quarter. Millennium Management LLC bought a new position in shares of Goosehead Insurance during the third quarter worth approximately $1,617,000. Squarepoint Ops LLC acquired a new stake in Goosehead Insurance during the 3rd quarter worth approximately $469,000. Wildcat Capital Management LLC lifted its holdings in Goosehead Insurance by 110.1% during the 3rd quarter. Wildcat Capital Management LLC now owns 146,078 shares of the company’s stock worth $7,209,000 after purchasing an additional 76,545 shares during the last quarter. Finally, Castleark Management LLC lifted its holdings in Goosehead Insurance by 10.5% during the 3rd quarter. Castleark Management LLC now owns 147,440 shares of the company’s stock worth $7,276,000 after purchasing an additional 14,060 shares during the last quarter. 89.13% of the stock is currently owned by hedge funds and other institutional investors.

About Goosehead Insurance

Goosehead Insurance, Inc focuses on operating as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. The company operates through two segments, Corporate Channel and Franchise Channel. It offers various insurance products, including homeowner's insurance; auto insurance; other personal lines products, such as flood, wind, and earthquake insurance; excess liability or umbrella insurance; specialty lines insurance comprising motorcycle, recreational vehicle, and other insurance; commercial lines insurance consisting of general liability, property, and auto insurance for small businesses; and life insurance.

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Insider Buying and Selling by Quarter for Goosehead Insurance (NASDAQ:GSHD)

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