CoStar Group, Inc. $CSGP Shares Sold by Fjarde AP Fonden Fourth Swedish National Pension Fund

Key Points

• The Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in CoStar Group by 18.8%, selling 15,400 shares and holding a total of 66,370 shares worth approximately $5.26 million.
• CoStar Group reported a 15.2% increase in revenue year-over-year, with earnings per share of $0.17, exceeding analyst expectations of $0.14.
• Investor sentiment appears strong, with multiple firms issuing buy ratings and target price upgrades, leading to a consensus rating of "Moderate Buy" for CoStar Group stock.

Fjarde AP Fonden Fourth Swedish National Pension Fund lowered its position in CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 18.8% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 66,370 shares of the technology company's stock after selling 15,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in CoStar Group were worth $5,258,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC boosted its position in CoStar Group by 27.4% during the fourth quarter. Colonial Trust Co SC now owns 674 shares of the technology company's stock worth $48,000 after acquiring an additional 145 shares during the last quarter. DoubleLine ETF Adviser LP boosted its position in CoStar Group by 0.5% during the fourth quarter. DoubleLine ETF Adviser LP now owns 29,398 shares of the technology company's stock worth $2,105,000 after acquiring an additional 146 shares during the last quarter. Aurora Investment Managers LLC. boosted its position in CoStar Group by 0.7% during the first quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after acquiring an additional 164 shares during the last quarter. First Horizon Advisors Inc. boosted its position in CoStar Group by 5.0% during the first quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after acquiring an additional 179 shares during the last quarter. Finally, CVA Family Office LLC grew its position in shares of CoStar Group by 28.3% in the first quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock valued at $67,000 after purchasing an additional 186 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company's stock.

Insider Activity

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $93.23, for a total value of $2,330,750.00. Following the sale, the insider owned 319,539 shares of the company's stock, valued at $29,790,620.97. This trade represents a 7.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Cynthia Cammett Cann sold 2,033 shares of CoStar Group stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total value 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. The trade was a 7.31% decrease in their position. The disclosure for this sale can be found here. 1.09% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $85.00 price target on shares of CoStar Group in a research report on Wednesday, April 30th. BMO Capital Markets upped their price target on CoStar Group from $82.00 to $89.00 and gave the company a "market perform" rating in a research report on Wednesday, July 23rd. Needham & Company LLC upped their price target on CoStar Group from $98.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. upped their price target on CoStar Group from $87.00 to $101.00 and gave the company an "overweight" rating in a research report on Wednesday, July 23rd. Finally, Keefe, Bruyette & Woods upped their price target on CoStar Group from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, July 17th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoStar Group has a consensus rating of "Moderate Buy" and an average target price of $93.25.

CoStar Group Trading Up 0.9%

Shares of CSGP traded up $0.79 during midday trading on Tuesday, hitting $88.95. 2,452,106 shares of the stock were exchanged, compared to its average volume of 3,201,030. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $97.43. The stock has a fifty day simple moving average of $86.41 and a 200 day simple moving average of $80.40. The firm has a market cap of $37.68 billion, a P/E ratio of 355.80, a P/E/G ratio of 4.37 and a beta of 0.85. 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 (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The technology company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. CoStar Group had a return on equity of 2.88% and a net margin of 3.57%.The business had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. During the same period last year, the business posted $0.15 earnings per share. The company's quarterly 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, research analysts anticipate that CoStar Group, Inc. will post 0.94 EPS for the current fiscal year.

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.