Narwhal Capital Management Sells 6,131 Shares of CoStar Group, Inc. $CSGP

Narwhal Capital Management cut its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,421 shares of the technology company's stock after selling 6,131 shares during the quarter. Narwhal Capital Management's holdings in CoStar Group were worth $6,466,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wayfinding Financial LLC bought a new stake in CoStar Group during the first quarter valued at about $29,000. Bayforest Capital Ltd bought a new stake in CoStar Group during the first quarter valued at about $29,000. GKV Capital Management Co. Inc. bought a new stake in CoStar Group during the first quarter valued at about $31,000. Zions Bancorporation National Association UT bought a new stake in CoStar Group during the first quarter valued at about $31,000. Finally, Cullen Frost Bankers Inc. raised its holdings in 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 period. 96.60% of the stock is owned by institutional investors.

CoStar Group Stock Down 2.0%

Shares of NASDAQ:CSGP opened at $79.00 on Thursday. CoStar Group, Inc. has a 1 year low of $68.26 and a 1 year high of $97.43. The business has a 50 day simple moving average of $88.31 and a two-hundred day simple moving average of $82.85. The firm has a market capitalization of $33.47 billion, a PE ratio of 316.00, a price-to-earnings-growth ratio of 3.71 and a beta of 0.87. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.83 and a quick ratio of 5.83.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, July 22nd. The technology company reported $0.17 earnings per share (EPS) for the quarter, beating 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 quarter in the previous year, the business earned $0.15 earnings per share. The company'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. On average, equities analysts predict that CoStar Group, Inc. will post 0.94 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CSGP shares. BTIG Research started coverage on CoStar Group in a research report on Friday, October 3rd. They set a "neutral" rating for the company. Royal Bank Of Canada raised their price objective on CoStar Group from $83.00 to $91.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 23rd. Weiss Ratings restated a "hold (c-)" rating on shares of CoStar Group in a research report on Wednesday. Wolfe Research started coverage on CoStar Group in a research report on Wednesday, September 3rd. They set an "outperform" rating and a $105.00 price objective for the company. Finally, Citigroup raised their price objective on CoStar Group from $91.00 to $100.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, CoStar Group presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.15.

Insider Buying and Selling

In related news, insider Frederick G. Saint sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $90.33, for a total value of $2,258,250.00. Following the completion of the sale, the insider owned 293,103 shares in the company, valued at approximately $26,475,993.99. The trade was a 7.86% decrease in their ownership of the stock. The sale 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 the business's stock in a transaction that occurred on 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 sale, 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. 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 company insiders.

CoStar Group 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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