Goosehead Insurance Inc (NASDAQ:GSHD) Major Shareholder Robyn Mary Elizabeth Jones Sells 24,754 Shares

Goosehead Insurance Inc (NASDAQ:GSHD) major shareholder Robyn Mary Elizabeth Jones sold 24,754 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $40.54, for a total transaction of $1,003,527.16. Following the completion of the sale, the insider now owns 747,890 shares of the company’s stock, valued at $30,319,460.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Robyn Mary Elizabeth Jones also recently made the following trade(s):

  • On Tuesday, December 10th, Robyn Mary Elizabeth Jones sold 1,500 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.01, for a total transaction of $60,015.00.
  • On Monday, December 2nd, Robyn Mary Elizabeth Jones sold 14,422 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.13, for a total transaction of $578,754.86.
  • On Wednesday, December 4th, Robyn Mary Elizabeth Jones sold 43,490 shares of Goosehead Insurance stock. The shares were sold at an average price of $40.30, for a total transaction of $1,752,647.00.

Goosehead Insurance stock opened at $39.98 on Friday. Goosehead Insurance Inc has a 12-month low of $23.18 and a 12-month high of $51.98. The stock has a market cap of $607.94 million, a P/E ratio of 199.90, a PEG ratio of 2.35 and a beta of 0.11. The company has a 50-day moving average price of $43.54 and a 200 day moving average price of $44.52.

Goosehead Insurance (NASDAQ:GSHD) last released its quarterly earnings data on Friday, November 1st. The company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. Goosehead Insurance had a net margin of 5.69% and a negative return on equity of 15.46%. The firm had revenue of $21.17 million during the quarter, compared to analysts’ expectations of $21.57 million. The firm’s revenue was up 31.9% on a year-over-year basis. Research analysts anticipate that Goosehead Insurance Inc will post 0.34 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY increased 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 purchasing an additional 330 shares during the last quarter. Millennium Management LLC acquired a new stake in Goosehead Insurance during the third quarter worth about $1,617,000. Squarepoint Ops LLC acquired a new stake in Goosehead Insurance during the third quarter worth about $469,000. Wildcat Capital Management LLC increased its position in Goosehead Insurance by 110.1% during the third 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 increased its position in Goosehead Insurance by 10.5% during the third 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. Hedge funds and other institutional investors own 89.13% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods increased their target price on shares of Goosehead Insurance from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Tuesday, November 5th. JPMorgan Chase & Co. set a $60.00 target price on shares of Goosehead Insurance and gave the company a “buy” rating in a research report on Wednesday, September 18th. Zacks Investment Research cut shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Finally, ValuEngine cut shares of Goosehead Insurance from a “hold” rating to a “sell” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Goosehead Insurance presently has a consensus rating of “Hold” and an average target price of $52.00.

Goosehead Insurance Company Profile

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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