Goosehead Insurance, Inc (NASDAQ:GSHD) Major Shareholder Sells $2,722,368.04 in Stock

Goosehead Insurance, Inc (NASDAQ:GSHDGet Free Report) major shareholder & Robyn Jones Descendants Mark sold 36,337 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $74.92, for a total transaction of $2,722,368.04. Following the completion of the sale, the insider now owns 132,349 shares of the company’s stock, valued at approximately $9,915,587.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large 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, February 26th, & Robyn Jones Descendants Mark sold 3,934 shares of Goosehead Insurance stock. The shares were sold at an average price of $75.67, for a total transaction of $297,685.78.

Goosehead Insurance Stock Performance

Shares of NASDAQ:GSHD traded up $1.71 during mid-day trading on Wednesday, reaching $76.00. The company had a trading volume of 344,499 shares, compared to its average volume of 249,700. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.02. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 133.33, a PEG ratio of 2.77 and a beta of 1.32. The company’s 50-day moving average price is $77.89 and its 200-day moving average price is $73.19. Goosehead Insurance, Inc has a one year low of $46.30 and a one year high of $92.76.

Institutional Investors Weigh In On Goosehead Insurance

Hedge funds have recently modified their holdings of the stock. Principal Financial Group Inc. bought a new stake in shares of Goosehead Insurance in the 3rd quarter worth approximately $9,501,000. Amalgamated Bank raised its holdings in Goosehead Insurance by 217.7% during the 3rd quarter. Amalgamated Bank now owns 10,143 shares of the company’s stock valued at $756,000 after acquiring an additional 6,950 shares during the period. Loomis Sayles & Co. L P bought a new stake in Goosehead Insurance during the 3rd quarter valued at $23,614,000. Signaturefd LLC raised its holdings in Goosehead Insurance by 100.9% during the 2nd quarter. Signaturefd LLC now owns 866 shares of the company’s stock valued at $54,000 after acquiring an additional 435 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Goosehead Insurance during the 3rd quarter valued at $1,564,000.

Analysts Set New Price Targets

GSHD has been the subject of several analyst reports. Truist Financial increased their target price on shares of Goosehead Insurance from $65.00 to $75.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. TD Cowen initiated coverage on shares of Goosehead Insurance in a report on Wednesday, January 10th. They issued an “outperform” rating and a $105.00 target price for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $81.88.

View Our Latest Stock Analysis on GSHD

Goosehead Insurance Company Profile

(Get Free Report)

Goosehead Insurance, Inc operates as a holding company for Goosehead Financial, LLC that provides personal lines insurance agency services in the United States. It 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.

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

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