19,454 Shares in CoStar Group, Inc. $CSGP Purchased by AG2R LA Mondiale Gestion D Actifs

Key Points

• AG2R LA Mondiale Gestion D Actifs acquired 19,454 shares of CoStar Group, Inc. valued at approximately $1,431,000 in the first quarter.
• Insider Frederick G. Saint sold 25,000 shares of the company stock for about $2.33 million, reducing his ownership by 7.26%.
• CoStar Group reported a 15.2% increase in revenue year-over-year, with a quarterly earnings per share of $0.17, surpassing estimates.

AG2R LA Mondiale Gestion D Actifs acquired a new position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 19,454 shares of the technology company's stock, valued at approximately $1,431,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CSGP. Bayforest Capital Ltd acquired a new stake in shares of CoStar Group during the first quarter valued at about $29,000. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group during the first quarter valued at about $29,000. GKV Capital Management Co. Inc. acquired a new stake in shares of CoStar Group during the first quarter valued at about $31,000. Zions Bancorporation National Association UT acquired a new stake in shares of CoStar Group during the first quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. increased its position in shares of CoStar Group by 137.4% during the first quarter. Cullen Frost Bankers Inc. now owns 406 shares of the technology company's stock valued at $32,000 after acquiring an additional 235 shares during the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Frederick G. Saint sold 25,000 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $93.23, for a total value of $2,330,750.00. Following the completion of the transaction, the insider owned 319,539 shares in the company, valued at $29,790,620.97. The trade was a 7.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.85, for a total transaction of $188,764.05. Following the completion of the transaction, the chief accounting officer owned 25,771 shares of the company's stock, valued at $2,392,837.35. This represents a 7.31% decrease in their position. The disclosure for this sale can be found here. Insiders sold 52,033 shares of company stock valued at $4,777,764 in the last quarter. 1.09% of the stock is owned by insiders.

CoStar Group Trading Down 0.3%

NASDAQ CSGP opened at $86.80 on Friday. The firm has a 50 day simple moving average of $89.34 and a 200-day simple moving average of $81.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.83 and a current ratio of 5.83. CoStar Group, Inc. has a one year low of $68.26 and a one year high of $97.43. The firm has a market cap of $36.77 billion, a price-to-earnings ratio of 347.20, a PEG ratio of 4.01 and a beta of 0.87.

CoStar Group (NASDAQ:CSGP - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same quarter last year, the firm posted $0.15 earnings per share. The business's revenue for the quarter was up 15.2% compared to the same quarter last year. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. Equities research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CSGP shares. Bank of America started coverage on shares of CoStar Group in a research report on Friday, May 30th. They set a "neutral" rating and a $79.00 price target for the company. William Blair reiterated an "outperform" rating on shares of CoStar Group in a research report on Wednesday, July 23rd. Keefe, Bruyette & Woods lifted their price target on shares of CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. Royal Bank Of Canada lifted their price target on shares of CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Robert W. Baird raised their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

CoStar Group Company Profile

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.

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