Andrew C. Florance Sells 7782 Shares of CoStar Group (NASDAQ:CSGP) Stock

WINTON GROUP Ltd bought a new stake in shares of CoStar Group in the 1st quarter worth about $1,385,000. Xact Kapitalforvaltning AB increased its …

CoStar Group logoCoStar Group (NASDAQ:CSGP) CEO Andrew C. Florance sold 7,782 shares of the firm’s stock in a transaction on Thursday, April 26th. The shares were sold at an average price of $372.34, for a total transaction of $2,897,549.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Andrew C. Florance also recently made the following trade(s):

  • On Monday, April 30th, Andrew C. Florance sold 5,839 shares of CoStar Group stock. The shares were sold at an average price of $369.05, for a total transaction of $2,154,882.95.
  • On Monday, April 30th, Andrew C. Florance sold 24,821 shares of CoStar Group stock. The shares were sold at an average price of $371.03, for a total transaction of $9,209,335.63.

CoStar Group traded up $3.33, hitting $380.83, during midday trading on Wednesday, Marketbeat.com reports. 88,400 shares of the stock were exchanged, compared to its average volume of 216,487. CoStar Group has a 1 year low of $242.76 and a 1 year high of $396.59. The company has a market capitalization of $14.00 billion, a price-to-earnings ratio of 97.97, a price-to-earnings-growth ratio of 3.46 and a beta of 1.53.

CoStar Group (NASDAQ:CSGP) last released its quarterly earnings results on Monday, April 23rd. The technology company reported $1.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.28. The firm had revenue of $274.00 million for the quarter, compared to the consensus estimate of $270.56 million. CoStar Group had a net margin of 15.09% and a return on equity of 6.97%. The firm’s quarterly revenue was up 20.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.05 EPS. sell-side analysts predict that CoStar Group will post 6.63 earnings per share for the current year.

A number of brokerages have recently commented on CSGP. BidaskClub raised shares of CoStar Group from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 5th. SunTrust Banks raised their target price on shares of CoStar Group to $410.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of CoStar Group from a “hold” rating to a “buy” rating and set a $375.00 target price on the stock in a research note on Thursday, February 8th. Needham & Company LLC lifted their price target on shares of CoStar Group to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, April 24th. Finally, JMP Securities lifted their price target on shares of CoStar Group from $375.00 to $380.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 24th. One investment analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $388.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of CoStar Group by 6.8% in the 1st quarter. Amalgamated Bank now owns 7,575 shares of the technology company’s stock worth $2,747,000 after purchasing an additional 479 shares during the last quarter. Summit Trail Advisors LLC increased its position in shares of CoStar Group by 21,110.0% in the 1st quarter. Summit Trail Advisors LLC now owns 105,838 shares of the technology company’s stock worth $106,000 after purchasing an additional 105,339 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of CoStar Group in the 1st quarter worth about $1,385,000. Xact Kapitalforvaltning AB increased its position in shares of CoStar Group by 9.5% in the 1st quarter. Xact Kapitalforvaltning AB now owns 4,247 shares of the technology company’s stock worth $1,540,000 after purchasing an additional 370 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of CoStar Group by 196.9% in the 1st quarter. Royal Bank of Canada now owns 29,121 shares of the technology company’s stock worth $10,562,000 after purchasing an additional 19,311 shares during the last quarter. 96.77% of the stock is owned by institutional investors.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace to the commercial real estate industry in North America and internationally. The company offers CoStar Property Professional service that provides inventory of office, industrial, retail, and multifamily properties and land. It also provides CoStar COMPS Professional, which covers comparable commercial real estate sales information; CoStar Tenant, an online business-to-business prospecting and analytical tool; CoStarGo, an iPad and Android application; CoStar Lease Comps, an integrated solution that captures, manages, maintains, and analyzes lease data; CoStar Advertising to market a space for lease or a property for sale; and CoStar Portfolio Strategy to meet the research needs of commercial real estate owners, investors, lenders, and government regulators.

Insider Buying and Selling by Quarter for CoStar Group (NASDAQ:CSGP)

Receive News & Ratings for CoStar Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for CoStar Group and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts