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Waded Cruzado, a director at Goosehead Insurance, Inc. (NASDAQ:GSHD), recently sold shares totaling approximately $1,002,150. The sales occurred on February 28, 2025, involving 8,450 shares of Class A Common Stock. The shares were sold at a weighted average price range between $118.44 and $119.77 per share. The transaction comes as GSHD trades near its 52-week high of $130.39, with the stock showing impressive momentum, up over 70% in the past year. According to InvestingPro, the company’s market capitalization stands at $4.5 billion.
In addition to the sales, Cruzado exercised stock options to acquire 8,450 shares of Class A Common Stock at a price of $58.00 per share. Following these transactions, Cruzado now directly owns 643 shares of Goosehead Insurance.
These transactions were reported in a Form 4 filing submitted to the Securities and Exchange Commission.
In other recent news, Goosehead Insurance Inc . has reported significant developments that are likely to interest investors. The company recently announced a robust fourth-quarter performance, with earnings per share (EPS) of $0.79, nearly doubling the expected $0.40, and revenue reaching $93.9 million against a forecast of $78.61 million. This impressive performance was driven by a 49% increase in total revenues compared to the same period in the previous year and a 29% rise in total written premiums, amounting to $3.8 billion for the full year.
Following these strong results, Keefe, Bruyette & Woods (KBW) raised their price target for Goosehead Insurance to $127, maintaining an Outperform rating, while JMP Securities increased their target from $125 to $150, also maintaining a Market Outperform rating. Analysts noted that the earnings beat was primarily due to better-than-expected contingent commissions, which significantly exceeded estimates. Looking forward, Goosehead Insurance has provided guidance for 2025, projecting total written premiums between $4.65 billion and $4.88 billion, indicating organic growth of 22% to 28%, and revenue growth between 11% and 22%.
The company continues to maintain a strong financial position, with cash and cash equivalents of $58 million and an unused line of credit of $74.8 million as of December 31, 2024. These developments underscore Goosehead Insurance’s strategic investments and growth trajectory, as highlighted by their leadership in expanding their franchise distribution and enhancing technology.
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