Corient Private Wealth LLC Sells 25,361 Shares of CoStar Group, Inc. $CSGP

Corient Private Wealth LLC trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 22.6% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 87,000 shares of the technology company’s stock after selling 25,361 shares during the quarter. Corient Private Wealth LLC’s holdings in CoStar Group were worth $5,850,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Enhancing Capital LLC boosted its position in CoStar Group by 2.2% during the 3rd quarter. Enhancing Capital LLC now owns 7,030 shares of the technology company’s stock valued at $593,000 after acquiring an additional 150 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in CoStar Group by 2.3% in the third quarter. United Capital Financial Advisors LLC now owns 7,545 shares of the technology company’s stock valued at $637,000 after purchasing an additional 167 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in CoStar Group by 1.0% in the third quarter. Ameritas Investment Partners Inc. now owns 17,991 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 176 shares during the last quarter. Man Group plc raised its holdings in CoStar Group by 1.7% in the second quarter. Man Group plc now owns 10,368 shares of the technology company’s stock worth $834,000 after purchasing an additional 177 shares in the last quarter. Finally, Norinchukin Bank The raised its holdings in CoStar Group by 0.5% in the third quarter. Norinchukin Bank The now owns 35,539 shares of the technology company’s stock worth $2,998,000 after purchasing an additional 184 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CSGP shares. Wall Street Zen raised shares of CoStar Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Bank of America reduced their price objective on shares of CoStar Group from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 19th. Stephens decreased their target price on shares of CoStar Group from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Monday, May 4th. Citizens Jmp cut their price target on shares of CoStar Group from $73.00 to $44.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 29th. Finally, BTIG Research reaffirmed a “buy” rating and set a $55.00 price target on shares of CoStar Group in a research report on Wednesday, April 29th. Thirteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CoStar Group presently has an average rating of “Moderate Buy” and an average price target of $54.50.

Insiders Place Their Bets

In other news, CEO Andrew C. Florance purchased 71,430 shares of the company’s stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $35.20 per share, for a total transaction of $2,514,336.00. Following the purchase, the chief executive officer owned 1,722,865 shares in the company, valued at $60,644,848. This trade represents a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.18% of the company’s stock.

CoStar Group Trading Down 3.9%

NASDAQ:CSGP opened at $28.64 on Friday. CoStar Group, Inc. has a 12 month low of $28.54 and a 12 month high of $97.43. The firm has a fifty day simple moving average of $33.82 and a 200-day simple moving average of $46.68. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $11.70 billion, a P/E ratio of 477.41, a PEG ratio of 0.77 and a beta of 0.72.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, April 28th. The technology company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $896.73 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The business’s quarterly revenue was up 22.5% compared to the same quarter last year. 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. On average, equities research analysts anticipate that CoStar Group, Inc. will post 1.03 earnings per share for the current year.

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.