CoStar Group, Inc. (NASDAQ:CSGP) Shares Sold by Sapient Capital LLC

Sapient Capital LLC trimmed its holdings in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 36.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,118 shares of the technology company’s stock after selling 8,849 shares during the quarter. Sapient Capital LLC’s holdings in CoStar Group were worth $1,082,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CSGP. Equitable Trust Co. increased its position in shares of CoStar Group by 15.3% during the fourth quarter. Equitable Trust Co. now owns 102,084 shares of the technology company’s stock worth $7,308,000 after purchasing an additional 13,539 shares in the last quarter. Stephens Inc. AR increased its position in shares of CoStar Group by 25.2% during the fourth quarter. Stephens Inc. AR now owns 32,166 shares of the technology company’s stock worth $2,303,000 after purchasing an additional 6,482 shares in the last quarter. Empowered Funds LLC increased its position in shares of CoStar Group by 13.4% during the fourth quarter. Empowered Funds LLC now owns 7,275 shares of the technology company’s stock worth $521,000 after purchasing an additional 861 shares in the last quarter. Apollon Wealth Management LLC increased its position in shares of CoStar Group by 256.9% during the fourth quarter. Apollon Wealth Management LLC now owns 13,132 shares of the technology company’s stock worth $940,000 after purchasing an additional 9,453 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of CoStar Group during the fourth quarter worth approximately $228,000. 96.60% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CoStar Group

In related news, insider Michael J. Desmarais sold 5,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total transaction of $439,340.00. Following the transaction, the insider now owns 58,798 shares of the company’s stock, valued at approximately $4,696,784.24. This represents a 8.55 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.57% of the company’s stock.

CoStar Group Stock Performance

NASDAQ CSGP opened at $76.00 on Wednesday. The stock has a market cap of $31.16 billion, a PE ratio of 172.73 and a beta of 0.87. The company has a current ratio of 9.63, a quick ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a twelve month low of $68.26 and a twelve month high of $100.38. The stock has a fifty day simple moving average of $74.25 and a 200-day simple moving average of $75.48.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Citigroup dropped their price target on CoStar Group from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. BMO Capital Markets dropped their price target on CoStar Group from $78.00 to $75.00 and set a “market perform” rating for the company in a research report on Thursday, October 24th. Wells Fargo & Company initiated coverage on CoStar Group in a research report on Wednesday, February 5th. They set an “underweight” rating and a $65.00 price target for the company. JPMorgan Chase & Co. dropped their target price on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Finally, William Blair restated an “outperform” rating on shares of CoStar Group in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.23.

CoStar Group 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.