CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Barclays PLC

Posted by Defense World Staff on Aug 5th, 2023

Barclays PLC decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 23.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 434,252 shares of the technology company’s stock after selling 134,598 shares during the period. Barclays PLC owned 0.11% of CoStar Group worth $29,899,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Catalyst Capital Advisors LLC purchased a new position in shares of CoStar Group in the 4th quarter valued at approximately $25,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of CoStar Group in the 1st quarter valued at approximately $27,000. Castleview Partners LLC boosted its stake in shares of CoStar Group by 72.8% in the fourth quarter. Castleview Partners LLC now owns 368 shares of the technology company’s stock valued at $28,000 after buying an additional 155 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of CoStar Group in the fourth quarter valued at approximately $30,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of CoStar Group in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 93.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CSGP. William Blair restated an “outperform” rating on shares of CoStar Group in a research note on Wednesday, July 26th. TheStreet upgraded CoStar Group from a “c+” rating to a “b” rating in a research note on Tuesday, July 25th. Royal Bank of Canada lifted their price target on CoStar Group from $85.00 to $95.00 in a research note on Thursday, July 6th. Needham & Company LLC boosted their target price on CoStar Group from $90.00 to $100.00 and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Finally, Robert W. Baird decreased their target price on CoStar Group from $100.00 to $98.00 in a research report on Wednesday, July 26th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.75.

Insider Activity at CoStar Group

In other CoStar Group news, CFO Scott T. Wheeler sold 24,670 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $80.68, for a total transaction of $1,990,375.60. Following the completion of the sale, the chief financial officer now owns 346,244 shares in the company, valued at approximately $27,934,965.92. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CTO Frank Simuro sold 92,300 shares of CoStar Group stock in a transaction that occurred on Tuesday, June 27th. The stock was sold at an average price of $89.65, for a total value of $8,274,695.00. Following the completion of the transaction, the chief technology officer now owns 264,483 shares in the company, valued at approximately $23,710,900.95. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Scott T. Wheeler sold 24,670 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $80.68, for a total value of $1,990,375.60. Following the completion of the sale, the chief financial officer now directly owns 346,244 shares in the company, valued at approximately $27,934,965.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 170,474 shares of company stock worth $15,103,488. 1.58% of the stock is currently owned by company insiders.

CoStar Group Stock Performance

CoStar Group stock opened at $81.41 on Friday. The firm has a market capitalization of $33.24 billion, a P/E ratio of 85.70, a PEG ratio of 3.72 and a beta of 0.90. The company has a current ratio of 12.30, a quick ratio of 12.30 and a debt-to-equity ratio of 0.14. CoStar Group, Inc. has a 52 week low of $65.12 and a 52 week high of $92.36. The stock has a fifty day moving average price of $85.38 and a 200 day moving average price of $77.37.

CoStar Group Profile

(Free Report)

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.