Goosehead Insurance (NASDAQ:GSHD – Get Free Report) major shareholder & Robyn Jones Descendants Mark sold 22,481 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $66.87, for a total transaction of $1,503,304.47. Following the sale, the insider directly owned 6,767,661 shares of the company’s stock, valued at approximately $452,553,491.07. This represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
& Robyn Jones Descendants Mark also recently made the following trade(s):
- On Monday, August 3rd, & Robyn Jones Descendants Mark sold 100,000 shares of Goosehead Insurance stock. The stock was sold at an average price of $65.31, for a total transaction of $6,531,000.00.
- On Thursday, July 30th, & Robyn Jones Descendants Mark sold 2,519 shares of Goosehead Insurance stock. The shares were sold at an average price of $66.27, for a total transaction of $166,934.13.
- On Wednesday, July 29th, & Robyn Jones Descendants Mark sold 125,000 shares of Goosehead Insurance stock. The shares were sold at an average price of $69.71, for a total transaction of $8,713,750.00.
- On Wednesday, May 27th, & Robyn Jones Descendants Mark sold 9,588 shares of Goosehead Insurance stock. The stock was sold at an average price of $40.76, for a total value of $390,806.88.
- On Tuesday, May 26th, & Robyn Jones Descendants Mark sold 45,588 shares of Goosehead Insurance stock. The stock was 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.
Goosehead Insurance Stock Performance
NASDAQ:GSHD opened at $66.95 on Thursday. The stock has a 50-day simple moving average of $48.51 and a two-hundred day simple moving average of $48.53. The firm has a market capitalization of $2.38 billion, a PE ratio of 48.87, a P/E/G ratio of 2.46 and a beta of 1.38. Goosehead Insurance has a 52-week low of $33.68 and a 52-week high of $90.79.
Institutional Trading of Goosehead Insurance
Several hedge funds have recently modified their holdings of GSHD. EverSource Wealth Advisors LLC boosted its position in shares of Goosehead Insurance by 480.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 325 shares of the company’s stock valued at $34,000 after acquiring an additional 269 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Goosehead Insurance by 802.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 442 shares of the company’s stock worth $47,000 after purchasing an additional 393 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Goosehead Insurance by 484.1% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 514 shares of the company’s stock valued at $25,000 after purchasing an additional 426 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Goosehead Insurance during the fourth quarter valued at $41,000. Finally, Versant Capital Management Inc lifted its position in Goosehead Insurance by 471.9% during the second quarter. Versant Capital Management Inc now owns 772 shares of the company’s stock valued at $37,000 after purchasing an additional 637 shares during the last quarter.
Analysts Set New Price Targets
Several equities analysts have weighed in on the stock. Bank of America lowered their price target on shares of Goosehead Insurance from $43.00 to $37.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of Goosehead Insurance from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of Goosehead Insurance from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, July 9th. Keefe, Bruyette & Woods lowered their target price on shares of Goosehead Insurance from $80.00 to $72.00 and set an “outperform” rating on the stock in a research note on Thursday, July 23rd. Finally, Citizens Jmp dropped their target price on shares of Goosehead Insurance from $125.00 to $100.00 and set a “market outperform” rating for the company in a report on Monday, April 13th. Seven investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $68.45.
Read Our Latest Analysis on Goosehead Insurance
Goosehead Insurance Company Profile
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.
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