Insider Selling: CoStar Group (NASDAQ:CSGP) CAO Sells $147,374.64 in Stock

Key Points

• CoStar Group CAO Cynthia Cammett Cann sold 4,788 shares at an average price of $30.78, generating $147,374.64. Her remaining stake fell 20.28% to 18,822 shares.
• CoStar reported quarterly EPS of $0.32, beating estimates by $0.03, while revenue rose 18.4% year over year to $925 million but came in slightly below expectations.
• Analyst sentiment is mixed: the stock has an average “Hold” rating and a $41.61 price target, while shares recently traded near $31.48 after several analysts reduced their targets.

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CAO Cynthia Cammett Cann sold 4,788 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $30.78, for a total value of $147,374.64. Following the completion of the sale, the chief accounting officer owned 18,822 shares of the company's stock, valued at $579,341.16. This trade represents a 20.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

CoStar Group Stock Performance

CSGP traded up $1.24 during trading hours on Monday, hitting $31.48. 5,860,550 shares of the stock were exchanged, compared to its average volume of 7,295,899. The stock has a 50-day simple moving average of $30.28 and a 200-day simple moving average of $38.81. CoStar Group, Inc. has a 12 month low of $25.89 and a 12 month high of $94.95. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 165.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.21 and a quick ratio of 2.21.

CoStar Group (NASDAQ:CSGP - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same quarter in the previous year, the company posted $0.17 earnings per share. The firm's revenue was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. Analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current year.

Institutional Investors Weigh In On CoStar Group

A number of hedge funds have recently made changes to their positions in CSGP. BlackRock Inc. bought a new position in CoStar Group in the 2nd quarter worth approximately $957,612,000. Bamco Inc. NY raised its stake in CoStar Group by 1.3% during the 4th quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company's stock valued at $1,311,052,000 after acquiring an additional 242,533 shares in the last quarter. State Street Corp raised its stake in CoStar Group by 1.9% during the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company's stock valued at $1,252,839,000 after acquiring an additional 348,224 shares in the last quarter. Principal Financial Group Inc. raised its stake in CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company's stock valued at $713,866,000 after acquiring an additional 130,118 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its position in CoStar Group by 56.9% during the 4th quarter. Baillie Gifford & Co. now owns 12,933,185 shares of the technology company's stock worth $869,627,000 after acquiring an additional 4,691,543 shares during the period. Institutional investors own 96.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $58.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, July 29th. Citizens Jmp dropped their price target on CoStar Group from $44.00 to $35.00 and set a "market outperform" rating on the stock in a research report on Wednesday, July 29th. Citigroup downgraded CoStar Group from a "market outperform" rating to a "neutral" rating and cut their price target for the stock from $70.00 to $33.00 in a report on Wednesday, July 29th. Wolfe Research restated an "outperform" rating and set a $32.00 price objective (down from $35.00) on shares of CoStar Group in a research report on Wednesday, July 29th. Finally, Wall Street Zen downgraded CoStar Group from a "buy" rating to a "hold" rating in a research note on Sunday, August 2nd. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $41.61.

CoStar Group Company Profile

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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