Insider Selling: CoStar Group Inc (NASDAQ:CSGP) CEO Sells 24,210 Shares of Stock
CoStar Group Inc (NASDAQ:CSGP) CEO Andrew C. Florance sold 24,210 shares of the company’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $628.64, for a total transaction of $15,219,374.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
CSGP stock traded down $11.69 during mid-day trading on Tuesday, hitting $618.73. The company had a trading volume of 268,520 shares, compared to its average volume of 225,864. The company has a market capitalization of $22.93 billion, a P/E ratio of 83.61, a price-to-earnings-growth ratio of 4.69 and a beta of 1.34. CoStar Group Inc has a 12-month low of $315.85 and a 12-month high of $638.16. The firm’s 50-day moving average price is $572.10.
CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, July 23rd. The technology company reported $1.95 EPS for the quarter, topping the consensus estimate of $1.73 by $0.22. The business had revenue of $343.76 million for the quarter, compared to analysts’ expectations of $336.71 million. CoStar Group had a net margin of 22.48% and a return on equity of 10.42%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. Sell-side analysts anticipate that CoStar Group Inc will post 9.01 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its stake in CoStar Group by 0.8% in the 1st quarter. BlackRock Inc. now owns 3,086,193 shares of the technology company’s stock worth $1,439,461,000 after purchasing an additional 24,945 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of CoStar Group by 4.0% during the 1st quarter. JPMorgan Chase & Co. now owns 581,742 shares of the technology company’s stock valued at $271,335,000 after buying an additional 22,555 shares in the last quarter. American Century Companies Inc. raised its position in shares of CoStar Group by 3.8% during the 1st quarter. American Century Companies Inc. now owns 499,624 shares of the technology company’s stock valued at $233,035,000 after buying an additional 18,206 shares in the last quarter. Geode Capital Management LLC raised its position in shares of CoStar Group by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 335,302 shares of the technology company’s stock valued at $113,029,000 after buying an additional 4,060 shares in the last quarter. Finally, Baillie Gifford & Co. raised its position in shares of CoStar Group by 1.6% during the 1st quarter. Baillie Gifford & Co. now owns 324,889 shares of the technology company’s stock valued at $151,535,000 after buying an additional 5,010 shares in the last quarter. Institutional investors and hedge funds own 96.08% of the company’s stock.
About CoStar Group
CoStar Group, Inc provides information, analytics, and online marketplaces to the commercial real estate industry in the United States and the United Kingdom. The company offers CoStar Property Professional service that offers inventory of office, industrial, retail, and multifamily properties and land.
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