Insider Buying: CoStar Group (NASDAQ:CSGP) CEO Buys 71,430 Shares of Stock

Key Points

• CoStar CEO Andrew Florance purchased 71,430 shares at an average price of $35.20 on May 1 (≈$2.51M), increasing his direct stake to 1,722,865 shares — a 4.33% rise, disclosed in an SEC filing.
• Company performance and capital actions: CoStar beat Q1 estimates (EPS $0.23 vs $0.18) with revenue up 22.5% to $897M, provided Q2 and FY2026 guidance (Q2: $0.270–0.300; FY: $1.320–1.390), and authorized a $1.5B share repurchase program covering up to ~5.3% of shares.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CEO Andrew Florance purchased 71,430 shares of the business's stock in a transaction dated Friday, May 1st. The shares were purchased at an average cost of $35.20 per share, with a total value of $2,514,336.00. Following the purchase, the chief executive officer directly owned 1,722,865 shares in the company, valued at approximately $60,644,848. The trade was a 4.33% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

CoStar Group Stock Performance

Shares of CSGP stock opened at $34.72 on Monday. The firm has a 50-day moving average price of $41.78 and a 200 day moving average price of $56.78. CoStar Group, Inc. has a twelve month low of $33.31 and a twelve month high of $97.43. The company has a market capitalization of $14.58 billion, a price-to-earnings ratio of 578.76, a PEG ratio of 0.89 and a beta of 0.75. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its earnings results on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.05. CoStar Group had a net margin of 0.74% and a return on equity of 2.90%. The firm had revenue of $897.00 million during the quarter, compared to the consensus estimate of $896.73 million. During the same quarter in the previous year, the company posted ($0.04) EPS. The firm's revenue for the quarter was up 22.5% on a year-over-year basis. CoStar Group has set its Q2 2026 guidance at 0.270-0.300 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Research analysts forecast that CoStar Group, Inc. will post 1.03 earnings per share for the current fiscal year.

CoStar Group declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, January 7th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the technology company to buy up to 5.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's management believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Castleview Partners LLC acquired a new position in shares of CoStar Group during the 1st quarter valued at about $323,000. Diversify Wealth Management LLC increased its stake in shares of CoStar Group by 308.9% during the 1st quarter. Diversify Wealth Management LLC now owns 19,576 shares of the technology company's stock valued at $790,000 after acquiring an additional 14,789 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of CoStar Group by 58.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 155,726 shares of the technology company's stock valued at $6,282,000 after acquiring an additional 57,142 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of CoStar Group by 926.4% during the 1st quarter. Fifth Third Bancorp now owns 80,738 shares of the technology company's stock valued at $3,257,000 after acquiring an additional 72,872 shares during the last quarter. Finally, Candriam S.C.A. grew its holdings in shares of CoStar Group by 14.8% during the 1st quarter. Candriam S.C.A. now owns 21,512 shares of the technology company's stock worth $868,000 after purchasing an additional 2,773 shares during the period. Institutional investors and hedge funds own 96.60% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of CoStar Group from $40.00 to $33.00 and set an "underweight" rating for the company in a research note on Thursday. Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a research note on Thursday. BNP Paribas Exane assumed coverage on shares of CoStar Group in a research note on Wednesday, January 14th. They issued a "neutral" rating and a $64.00 target price for the company. Bank of America set a $74.00 target price on shares of CoStar Group in a research note on Wednesday, January 7th. Finally, BMO Capital Markets cut their target price on shares of CoStar Group from $72.00 to $53.00 and set a "market perform" rating for the company in a research note on Thursday, February 26th. Twelve research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, CoStar Group currently has an average rating of "Moderate Buy" and a consensus target price of $58.12.

About CoStar Group

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar's offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

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