PensionDanmark Pensionsforsikringsaktieselskab Sells 98,500 Shares of CoStar Group, Inc. $CSGP

PensionDanmark Pensionsforsikringsaktieselskab lowered its stake in CoStar Group, Inc. (NASDAQ:CSGPFree Report) by 71.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 39,466 shares of the technology company’s stock after selling 98,500 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in CoStar Group were worth $1,118,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Red Spruce Capital LLC increased its holdings in shares of CoStar Group by 101.0% during the 2nd quarter. Red Spruce Capital LLC now owns 76,448 shares of the technology company’s stock valued at $2,165,000 after acquiring an additional 38,413 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of CoStar Group by 227.7% in the 2nd quarter. Versant Capital Management Inc now owns 3,431 shares of the technology company’s stock valued at $97,000 after acquiring an additional 2,384 shares in the last quarter. Ramiah Investment Group lifted its holdings in CoStar Group by 32.1% in the 1st quarter. Ramiah Investment Group now owns 7,217 shares of the technology company’s stock worth $291,000 after purchasing an additional 1,755 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in CoStar Group by 168.8% in the 1st quarter. Glenmede Trust Co. NA now owns 207,031 shares of the technology company’s stock worth $8,352,000 after purchasing an additional 129,997 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in CoStar Group during the first quarter worth approximately $1,089,000. Institutional investors own 96.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on CSGP shares. Royal Bank Of Canada set a $34.00 price target on CoStar Group and gave the company a “sector perform” rating in a report on Monday, July 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Benchmark began coverage on shares of CoStar Group in a research note on Thursday, June 4th. They issued a “buy” rating and a $45.00 target price on the stock. The Goldman Sachs Group reiterated a “buy” rating and issued a $40.00 target price on shares of CoStar Group in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft set a $44.00 target price on shares of CoStar Group in a report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.61.

Check Out Our Latest Report on CoStar Group

CoStar Group Trading Up 4.1%

Shares of CSGP stock opened at $31.48 on Tuesday. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $94.95. The firm’s fifty day simple moving average is $30.23 and its 200 day simple moving average is $38.58. The firm has a market capitalization of $12.76 billion, a P/E ratio of 165.69, a price-to-earnings-growth ratio of 0.80 and a beta of 0.72. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.13.

CoStar Group (NASDAQ:CSGPGet Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. The firm had revenue of $925.00 million during the quarter, compared to the consensus estimate of $928.81 million. During the same period in the prior year, the firm earned $0.17 EPS. The business’s revenue 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. As a group, sell-side analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current year.

Insider Buying and Selling

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Andrew C. Florance bought 83,300 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, with a total value of $2,489,837.00. Following the completion of the purchase, 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. The disclosure for this purchase is available in the SEC filing. 1.18% of the stock is currently owned by company insiders.

CoStar Group Profile

(Free Report)

CoStar Group, Inc is a provider of information, analytics and online marketplaces for the commercial real estate industry. The company gathers property-level data, builds market analytics and supplies research tools used by brokers, owners, lenders, investors and other real estate professionals to evaluate markets, track inventory and manage listings. CoStar’s offerings are delivered primarily through subscription-based platforms that combine proprietary databases, mapping and workflow applications to support decision-making across the property life cycle.

In addition to its core CoStar research service, the company operates prominent online listing and marketing platforms that connect buyers, sellers, tenants and brokers.

See Also

Institutional Ownership by Quarter for CoStar Group (NASDAQ:CSGP)

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