Goosehead Insurance slides after COO sells shares

• Goosehead Insurance (NASDAQ:GSHD) is down 5% after President and COO Michael C. Colby sold 32,363 shares of the company.
• At price range of $79-$84.13, the transaction amounts to $2.6M.
• SEC Filing
• Quick look at the company's ownership structure:

Comments

[prudent 576]

GSHD is probably headed to $48 due to market conditions, unless investors figure out that it may be the top multiline insurers in terms of cash return on invested capital and economic profit in addition to 35% annual revenue growth.

[dealraker]

He should sell because the stock is priced at double its intrinsic value.