Octavia Wealth Advisors LLC Sells 6,821 Shares of CoStar Group, Inc. $CSGP

Key Points

• Octavia Wealth Advisors LLC significantly reduced its stake in CoStar Group, selling 6,821 shares and lowering its position by 65.3%, leaving it with 3,629 shares valued at approximately $292,000.
• CoStar Group reported a 15.2% year-over-year revenue increase for the latest quarter, achieving $781.30 million, and beat earnings estimates with an EPS of $0.17.
• Recent price targets by analysts on CoStar Group's shares vary, with BMO Capital Markets raising their target to $89.00 while Wells Fargo set a target at $70.00, indicating differing sentiments among analysts about the company's performance.

Octavia Wealth Advisors LLC lowered its position in shares of CoStar Group, Inc. (NASDAQ:CSGP - Free Report) by 65.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,629 shares of the technology company's stock after selling 6,821 shares during the quarter. Octavia Wealth Advisors LLC's holdings in CoStar Group were worth $292,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Aurora Investment Managers LLC. boosted its position in shares of CoStar Group by 0.7% during the 1st quarter. Aurora Investment Managers LLC. now owns 22,357 shares of the technology company's stock worth $1,771,000 after purchasing an additional 164 shares in the last quarter. First Horizon Advisors Inc. boosted its position in shares of CoStar Group by 5.0% during the 1st quarter. First Horizon Advisors Inc. now owns 3,746 shares of the technology company's stock worth $297,000 after purchasing an additional 179 shares in the last quarter. Three Seasons Wealth LLC boosted its position in shares of CoStar Group by 4.2% during the 2nd quarter. Three Seasons Wealth LLC now owns 4,405 shares of the technology company's stock worth $354,000 after purchasing an additional 179 shares in the last quarter. CVA Family Office LLC boosted its position in shares of CoStar Group by 28.3% during the 1st quarter. CVA Family Office LLC now owns 843 shares of the technology company's stock worth $67,000 after purchasing an additional 186 shares in the last quarter. Finally, Kentucky Retirement Systems boosted its position in shares of CoStar Group by 0.7% during the 1st quarter. Kentucky Retirement Systems now owns 28,348 shares of the technology company's stock worth $2,246,000 after purchasing an additional 186 shares in the last quarter. Institutional investors own 96.60% of the company's stock.

CoStar Group Trading Down 1.1%

CSGP opened at $83.09 on Friday. 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, Inc. has a fifty-two week low of $68.26 and a fifty-two week high of $97.43. The firm has a market capitalization of $35.20 billion, a PE ratio of 332.36, a P/E/G ratio of 3.87 and a beta of 0.87. The company's 50-day moving average is $89.74 and its 200 day moving average is $82.56.

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. The firm had revenue of $781.30 million during the quarter, compared to analyst estimates of $772.06 million. CoStar Group had a net margin of 3.57% and a return on equity of 2.88%. The company's revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the business posted $0.15 EPS. CoStar Group has set its FY 2025 guidance at 0.780-0.800 EPS. Q3 2025 guidance at 0.150-0.17 EPS. As a group, research analysts predict that CoStar Group, Inc. will post 0.94 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CSGP shares. BMO Capital Markets increased their price objective on shares of CoStar Group from $82.00 to $89.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 23rd. Robert W. Baird increased their price objective on shares of CoStar Group from $100.00 to $105.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Royal Bank Of Canada increased their price objective on shares of CoStar Group from $83.00 to $91.00 and gave the stock a "sector perform" rating in a research report on Wednesday, July 23rd. William Blair restated an "outperform" rating on shares of CoStar Group in a report on Wednesday, July 23rd. Finally, Wells Fargo & Company restated an "underweight" rating and issued a $70.00 target price (up previously from $65.00) on shares of CoStar Group in a report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and an average target price of $94.15.

Insider Activity

In other CoStar Group news, insider Frederick G. Saint sold 25,000 shares of the stock in a transaction dated Thursday, August 28th. The shares were 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. This trade represents a 7.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Cynthia Cammett Cann sold 2,033 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.85, for a total transaction 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 approximately $2,392,837.35. This trade represents a 7.31% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,033 shares of company stock valued at $4,777,764. Company insiders own 1.09% of the company's stock.

About CoStar Group

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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