CoStar Group, Inc. (NASDAQ:CSGP) CAO Cynthia Cammett Cann Sells 1,200 Shares

CoStar Group, Inc. (NASDAQ:CSGP - Get Free Report) CAO Cynthia Cammett Cann sold 1,200 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $78.20, for a total transaction of $93,840.00. Following the sale, the chief accounting officer now directly owns 27,795 shares of the company's stock, valued at approximately $2,173,569. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cynthia Cammett Cann also recently made the following trade(s):

• On Monday, March 10th, Cynthia Cammett Cann sold 1,749 shares of CoStar Group stock. The stock was sold at an average price of $79.90, for a total value of $139,745.10.

CoStar Group Stock Performance

Shares of NASDAQ:CSGP traded down $1.79 during trading on Tuesday, reaching $78.36. 2,733,748 shares of the company's stock traded hands, compared to its average volume of 2,547,931. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The company has a 50 day moving average of $75.50 and a 200-day moving average of $75.68. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $100.38. The stock has a market capitalization of $32.14 billion, a P/E ratio of 223.89 and a beta of 0.93.

CoStar Group (NASDAQ:CSGP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $709.40 million for the quarter, compared to analysts' expectations of $703.00 million. CoStar Group had a return on equity of 3.11% and a net margin of 5.07%. On average, equities analysts expect that CoStar Group, Inc. will post 0.94 EPS for the current year.

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CoStar Group announced that its board has initiated a share repurchase plan on Tuesday, February 18th that authorizes the company to repurchase $500.00 million in outstanding shares. This repurchase authorization authorizes the technology company to repurchase up to 1.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On CoStar Group

Several hedge funds and other institutional investors have recently modified their holdings of CSGP. Hopwood Financial Services Inc. bought a new stake in CoStar Group in the 4th quarter valued at about $25,000. ORG Partners LLC increased its stake in shares of CoStar Group by 534.8% in the fourth quarter. ORG Partners LLC now owns 419 shares of the technology company's stock valued at $30,000 after purchasing an additional 353 shares during the period. SBI Securities Co. Ltd. bought a new stake in shares of CoStar Group during the fourth quarter valued at approximately $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of CoStar Group during the fourth quarter worth approximately $32,000. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in CoStar Group by 414.4% in the 4th quarter. Annis Gardner Whiting Capital Advisors LLC now owns 499 shares of the technology company's stock worth $36,000 after buying an additional 402 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company's stock.

Analysts Set New Price Targets

CSGP has been the subject of several analyst reports. Craig Hallum initiated coverage on shares of CoStar Group in a research note on Friday, February 28th. They issued a "buy" rating for the company. JMP Securities reaffirmed a "market outperform" rating and set a $90.00 target price on shares of CoStar Group in a research report on Monday, December 16th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $83.00 price target on shares of CoStar Group in a research note on Wednesday, February 19th. Piper Sandler initiated coverage on CoStar Group in a report on Friday, February 28th. They set an "overweight" rating on the stock. Finally, William Blair assumed coverage on CoStar Group in a research note on Friday, February 28th. They set a "market perform" rating for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $88.07.

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.