Truist Financial Corp cut its position in shares of CoStar Group, Inc. (NASDAQ:CSGP – Free Report) by 3.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 364,770 shares of the technology company’s stock after selling 11,590 shares during the period. Truist Financial Corp owned about 0.09% of CoStar Group worth $25,114,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new stake in CoStar Group in the 4th quarter valued at $25,000. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in CoStar Group in the 1st quarter valued at $27,000. Castleview Partners LLC boosted its stake in CoStar Group by 72.8% in the 4th 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 acquired a new stake in CoStar Group in the 4th quarter valued at $30,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CoStar Group in the 4th quarter valued at $39,000. 93.86% of the stock is currently owned by institutional investors.
CoStar Group Trading Up 0.2 %
NASDAQ CSGP opened at $81.55 on Tuesday. The stock has a 50-day simple moving average of $85.38 and a 200 day simple moving average of $77.35. The company has a market capitalization of $33.30 billion, a PE ratio of 85.84, a P/E/G ratio of 3.74 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 12 month low of $65.12 and a 12 month high of $92.36.
Analyst Upgrades and Downgrades
View Our Latest Report on CoStar Group
Insiders Place Their Bets
In other CoStar Group news, CTO Frank Simuro sold 92,300 shares of the stock in a transaction dated 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 sale, the chief technology officer now directly owns 264,483 shares in the company, valued at $23,710,900.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CoStar Group news, CTO Frank Simuro sold 92,300 shares of the stock in a transaction dated 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 sale, the chief technology officer now directly owns 264,483 shares in the company, valued at $23,710,900.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Hill sold 1,500 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $86.57, for a total value of $129,855.00. Following the completion of the sale, the director now owns 16,934 shares of the company’s stock, valued at $1,465,976.38. The disclosure for this sale can be found here. Insiders sold 170,474 shares of company stock worth $15,103,488 over the last ninety days. 1.58% of the stock is currently owned by corporate insiders.
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.
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