Rep. Robert Bresnahan, Jr. Sells CoStar Group, Inc. (NASDAQ:CSGP) Shares

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CoStar Group, Inc. NASDAQ: CSGP. In a filing disclosed on May 31st, the Representative disclosed that they had sold between $1,001 and $15,000 in CoStar Group stock on May 15th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT" account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Zimmer Biomet NYSE: ZBH on 5/15/2025.
• Sold $15,001 - $50,000 in shares of Elevance Health NYSE: ELV on 5/15/2025.
• Sold $15,001 - $50,000 in shares of PepsiCo NASDAQ: PEP on 5/15/2025.
• Sold $1,001 - $15,000 in shares of WEC Energy Group NYSE: WEC on 5/15/2025.
• Purchased $15,001 - $50,000 in shares of Advanced Micro Devices NASDAQ: AMD on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Hershey NYSE: HSY on 5/15/2025.
• Purchased $1,001 - $15,000 in shares of Kraft Heinz NASDAQ: KHC on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Exxon Mobil NYSE: XOM on 5/15/2025.
• Sold $1,001 - $15,000 in shares of Danaher NYSE: DHR on 5/15/2025.
• Sold $1,001 - $15,000 in shares of International Flavors & Fragrances NYSE: IFF on 5/15/2025.

CoStar Group Trading Up 1.8%

Shares of CSGP stock traded up $1.37 on Wednesday, hitting $77.06. The stock had a trading volume of 3,168,340 shares, compared to its average volume of 2,921,513. The firm has a market cap of $32.51 billion, a P/E ratio of 220.17 and a beta of 0.89. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $83.68. The company has a fifty day moving average price of $76.95 and a two-hundred day moving average price of $76.23. The company has a current ratio of 8.96, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13.

CoStar Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the technology company to buy up to 1.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the transaction, the chief accounting officer now directly owns 29,456 shares in the company, valued at $2,353,534.40. The trade was a 5.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.09% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on CSGP shares. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $83.00 price objective on shares of CoStar Group in a research report on Thursday, April 17th. Craig Hallum initiated coverage on CoStar Group in a research report on Friday, February 28th. They set a "buy" rating on the stock. William Blair started coverage on shares of CoStar Group in a report on Friday, February 28th. They issued a "market perform" rating on the stock. Needham & Company LLC lifted their price target on shares of CoStar Group from $87.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group assumed coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating on the stock. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $87.54.

Institutional Trading of CoStar Group

Hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC lifted its holdings in shares of CoStar Group by 497.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,133 shares of the technology company's stock worth $511,000 after purchasing an additional 5,940 shares during the period. Allworth Financial LP increased its position in shares of CoStar Group by 9.7% during the fourth quarter. Allworth Financial LP now owns 1,950 shares of the technology company's stock worth $144,000 after acquiring an additional 173 shares in the last quarter. KBC Group NV increased its position in shares of CoStar Group by 10.6% during the fourth quarter. KBC Group NV now owns 92,730 shares of the technology company's stock worth $6,638,000 after acquiring an additional 8,907 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of CoStar Group during the fourth quarter worth about $389,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of CoStar Group by 6.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 482,712 shares of the technology company's stock worth $34,190,000 after acquiring an additional 31,152 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.