CoStar Group, Inc. $CSGP Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd trimmed its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 41.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,232 shares of the technology company’s stock after selling 24,831 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CoStar Group were worth $965,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in CoStar Group during the 2nd quarter worth $957,612,000. Bamco Inc. NY bought a new position in shares of CoStar Group in the second quarter worth $612,470,000. Principal Financial Group Inc. increased its holdings in shares of CoStar Group by 0.7% during the first quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock valued at $713,866,000 after purchasing an additional 130,118 shares during the period. Jupiter Topco LLC acquired a new position in shares of CoStar Group during the second quarter valued at $221,826,000. Finally, Janus Henderson Group PLC raised its stake in shares of CoStar Group by 3.4% during the first quarter. Janus Henderson Group PLC now owns 7,724,152 shares of the technology company’s stock valued at $311,586,000 after purchasing an additional 250,772 shares in the last quarter. 96.60% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CoStar Group

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of CoStar Group stock in a transaction on Friday, August 7th. The stock was sold at an average price of $30.78, for a total transaction of $147,374.64. Following the transaction, the chief accounting officer owned 18,822 shares in the company, valued at approximately $579,341.16. The trade was a 20.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew C. Florance purchased 83,300 shares of the stock in a transaction dated Tuesday, August 4th. The shares were acquired at an average price of $29.89 per share, for a total transaction of $2,489,837.00. Following the acquisition, the chief executive officer directly owned 1,806,165 shares of the company’s stock, valued at $53,986,271.85. This represents a 4.83% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 1.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Monday, September 21st. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of CoStar Group in a research note on Tuesday, October 6th. KeyCorp set a $33.00 price target on shares of CoStar Group in a research report on Monday, August 24th. BTIG Research reduced their price target on shares of CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research note on Wednesday, July 29th. Finally, Royal Bank Of Canada set a $34.00 price objective on shares of CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.11.

CoStar Group Price Performance

NASDAQ CSGP opened at $33.92 on Friday. The stock’s 50-day moving average price is $30.49 and its two-hundred day moving average price is $31.80. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13. The company has a market cap of $13.74 billion, a PE ratio of 47.27, a PEG ratio of 0.90 and a beta of 0.80. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $79.08.

CoStar Group (NASDAQ:CSGP) last announced its earnings results on Tuesday, July 28th. The technology company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The company had revenue of $925.00 million during the quarter, compared to analysts’ expectations of $928.81 million. During the same period last year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. CoStar Group has set its Q3 2026 guidance at 0.310-0.340 EPS and its FY 2026 guidance at 1.320-1.390 EPS. On average, analysts predict that CoStar Group, Inc. will post 1.07 EPS for the current year.

CoStar Group Company Profile

CoStar Group, Inc is a provider of information, analytics, and online marketplaces for the commercial and residential real estate industries. The company collects, analyzes, and distributes property and market data to real estate professionals, investors, lenders, and other businesses.

Its brands and services include CoStar, which offers commercial real estate data and research; LoopNet, a marketplace for commercial property listings; Apartments.com, a rental housing marketplace; and Homes.com, a residential real estate platform.