Callan Family Office LLC Increases Holdings in CoStar Group, Inc. $CSGP

Key Points

• Callan Family Office LLC increased its holdings in CoStar Group, Inc. by 132.3% in Q2, now owning 17,673 shares valued at approximately $1.42 million.
• Insider Frederick G. Saint sold 25,000 shares at an average price of $93.23, decreasing his position by 7.26%, while other executives also sold shares recently.
• CoStar Group reported earnings of $0.17 EPS for the latest quarter, exceeding analysts' expectations, with revenue up 15.2% year over year.

Callan Family Office LLC grew its holdings in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 132.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,673 shares of the technology company's stock after acquiring an additional 10,064 shares during the period. Callan Family Office LLC's holdings in CoStar Group were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Wayfinding Financial LLC purchased a new position in shares of CoStar Group in the first quarter valued at about $29,000. Bayforest Capital Ltd purchased a new position in shares of CoStar Group in the first quarter valued at about $29,000. Zions Bancorporation National Association UT purchased a new position in shares of CoStar Group in the first quarter valued at about $31,000. GKV Capital Management Co. Inc. bought a new stake in CoStar Group in the 1st quarter valued at $31,000. Finally, Cullen Frost Bankers Inc. increased its holdings in CoStar Group by 137.4% in the 1st 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 hedge funds and other institutional investors.

Insider Transactions at CoStar Group

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

CoStar Group Stock Performance

Shares of NASDAQ:CSGP opened at $75.58 on Friday. CoStar Group, Inc. has a 52 week low of $68.26 and a 52 week high of $97.43. The stock has a market capitalization of $32.02 billion, a P/E ratio of 302.32, a PEG ratio of 3.48 and a beta of 0.87. The firm has a fifty day simple moving average of $87.58 and a two-hundred day simple moving average of $82.82. The company has a quick ratio of 5.83, a current ratio of 5.83 and a debt-to-equity ratio of 0.12.

CoStar Group (NASDAQ:CSGP - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $772.06 million. During the same period last year, the company posted $0.15 EPS. The business's revenue was up 15.2% on a year-over-year basis. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. On average, analysts expect that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on CSGP shares. 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 report on Thursday, July 17th. Needham & Company LLC lifted their price target on shares of CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 23rd. BTIG Research started coverage on shares of CoStar Group in a report on Friday, October 3rd. They issued a "neutral" rating on the stock. Stephens upgraded shares of CoStar Group to a "strong-buy" rating and set a $105.00 price target on the stock in a report on Monday, June 16th. Finally, BMO Capital Markets lifted their price target on shares of CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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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