Yahoo Finance Goosehead Insurance President Acquires 50% More Stock
Those following along with Goosehead Insurance, Inc (NASDAQ:GSHD) will no doubt be intrigued by the recent purchase of shares by Mark Miller, President of the company, who spent a stonking US$581k on stock at an average price of US$58.07. Not only is that a big swing, but it increased their holding size by 50%, which is definitely great to see.
See our latest analysis for Goosehead Insurance
Goosehead Insurance Insider Transactions Over The Last Year
Notably, that recent purchase by Mark Miller is the biggest insider purchase of Goosehead Insurance shares that we've seen in the last year. That means that an insider was happy to buy shares at around the current price of US$59.56. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. The good news for Goosehead Insurance share holders is that insiders were buying at near the current price.
In the last twelve months Goosehead Insurance insiders were buying shares, but not selling. The average buy price was around US$64.64. These transactions suggest that insiders have considered the current price attractive. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
Goosehead Insurance is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Does Goosehead Insurance Boast High Insider Ownership?
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. I reckon it's a good sign if insiders own a significant number of shares in the company. Goosehead Insurance insiders own about US$58m worth of shares. That equates to 2.7% of the company. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.
What Might The Insider Transactions At Goosehead Insurance Tell Us?
It's certainly positive to see the recent insider purchases. And an analysis of the transactions over the last year also gives us confidence. When combined with notable insider ownership, these factors suggest Goosehead Insurance insiders are well aligned, and that they may think the share price is too low. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. At Simply Wall St, we found 1 warning sign for Goosehead Insurance that deserve your attention before buying any shares.
Of course Goosehead Insurance may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
