Jupiter Topco LLC Invests $221.83 Million in CoStar Group, Inc. $CSGP

Jupiter Topco LLC purchased a new stake in CoStar Group, Inc. (NASDAQ:CSGP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 7,832,860 shares of the technology company’s stock, valued at approximately $221,826,000.

A number of other hedge funds have also recently added to or reduced their stakes in CSGP. BlackRock Inc. bought a new position in CoStar Group during the second quarter valued at approximately $957,612,000. Bamco Inc. NY grew its position in CoStar Group by 1.3% in the fourth quarter. Bamco Inc. NY now owns 19,498,099 shares of the technology company’s stock worth $1,311,052,000 after acquiring an additional 242,533 shares in the last quarter. State Street Corp increased its stake in shares of CoStar Group by 1.9% during the 4th quarter. State Street Corp now owns 18,632,352 shares of the technology company’s stock worth $1,252,839,000 after purchasing an additional 348,224 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of CoStar Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 17,696,192 shares of the technology company’s stock worth $713,866,000 after purchasing an additional 130,118 shares during the last quarter. Finally, Capital International Investors raised its holdings in shares of CoStar Group by 59.7% during the 4th quarter. Capital International Investors now owns 10,842,010 shares of the technology company’s stock valued at $729,020,000 after purchasing an additional 4,053,456 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Activity

In other news, CAO Cynthia Cammett Cann sold 4,788 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $30.78, for a total value of $147,374.64. Following the sale, the chief accounting officer directly owned 18,822 shares of the company’s stock, valued at approximately $579,341.16. This trade represents a 20.28% 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. Also, CEO Andrew C. Florance acquired 83,300 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was acquired at an average price of $29.89 per share, for a total transaction 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 trade represents a 4.83% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 1.18% of the company’s stock.

Analyst Ratings Changes

CSGP has been the subject of several analyst reports. Citigroup lowered shares of CoStar Group from a “market outperform” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $33.00 in a research note on Wednesday, July 29th. William Blair lowered CoStar Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $40.00 price target on shares of CoStar Group in a research report on Wednesday, July 29th. Wells Fargo & Company set a $26.00 price target on CoStar Group and gave the stock an “underweight” rating in a research note on Wednesday, June 24th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of CoStar Group in a report on Wednesday, June 24th. Nine research 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’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.11.

CoStar Group Price Performance

NASDAQ CSGP opened at $32.14 on Thursday. 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 fifty day simple moving average of $30.03 and a 200 day simple moving average of $36.13. The company has a market cap of $13.02 billion, a P/E ratio of 169.17, a P/E/G ratio of 0.86 and a beta of 0.72. CoStar Group, Inc. has a 1 year low of $25.89 and a 1 year high of $91.89.

CoStar Group (NASDAQ:CSGP) last posted its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.03. The business had revenue of $925.00 million for the quarter, compared to analyst estimates of $928.81 million. CoStar Group had a net margin of 2.08% and a return on equity of 3.74%. CoStar Group’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.17 EPS. 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, sell-side analysts predict that CoStar Group, Inc. will post 1.06 EPS for the current year.

CoStar Group Company Profile

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.