Headlands Technologies LLC Acquires 69,550 Shares of CoStar Group, Inc. $CSGP

Headlands Technologies LLC raised its holdings in CoStar Group, Inc. (NASDAQ:CSGP) by 196.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 104,978 shares of the technology company’s stock after buying an additional 69,550 shares during the quarter. Headlands Technologies LLC’s holdings in CoStar Group were worth $2,973,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in CSGP. Barclays PLC increased its position in CoStar Group by 83.4% during the 4th quarter. Barclays PLC now owns 2,321,700 shares of the technology company’s stock valued at $156,111,000 after purchasing an additional 1,055,584 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in shares of CoStar Group by 100.3% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 245,184 shares of the technology company’s stock worth $16,486,000 after purchasing an additional 122,776 shares during the period. SVB Wealth LLC lifted its position in shares of CoStar Group by 98.3% in the 4th quarter. SVB Wealth LLC now owns 66,410 shares of the technology company’s stock worth $4,465,000 after purchasing an additional 32,923 shares during the period. Stephens Investment Management Group LLC boosted its stake in shares of CoStar Group by 45.5% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,114,972 shares of the technology company’s stock valued at $74,971,000 after purchasing an additional 348,460 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of CoStar Group by 4.9% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,057,184 shares of the technology company’s stock valued at $69,446,000 after purchasing an additional 49,657 shares in the last quarter. 96.60% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CoStar Group news, CAO Cynthia Cammett Cann sold 4,788 shares of the business’s stock in a transaction on 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. The trade was a 20.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew C. Florance bought 83,300 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was bought at an average cost of $29.89 per share, for a total transaction of $2,489,837.00. Following the completion of the purchase, the chief executive officer owned 1,806,165 shares of the company’s stock, valued at approximately $53,986,271.85. The trade was 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 company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. William Blair downgraded shares of CoStar Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 29th. Wall Street Zen cut CoStar Group from a “buy” rating to a “hold” rating in a research report on Sunday, August 2nd. Bank of America reduced their target price on CoStar Group from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 19th. BTIG Research decreased their target price on CoStar Group from $55.00 to $42.00 and set a “buy” rating for the company in a research report on Wednesday, July 29th. Finally, Citizens Jmp lowered their target price on CoStar Group from $44.00 to $35.00 and set a “market outperform” rating for the company in a research note on Wednesday, July 29th. Nine research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $40.11.

CoStar Group Price Performance

Shares of CSGP opened at $32.22 on Monday. CoStar Group, Inc. has a fifty-two week low of $25.89 and a fifty-two week high of $91.89. The firm’s 50-day simple moving average is $30.10 and its two-hundred day simple moving average is $35.87. The stock has a market cap of $13.06 billion, a PE ratio of 169.59, a price-to-earnings-growth ratio of 0.85 and a beta of 0.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.21 and a current ratio of 2.21.

CoStar Group (NASDAQ:CSGP) last released its earnings results on Tuesday, July 28th. The technology company reported $0.32 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $925.00 million during the quarter, compared to analyst estimates of $928.81 million. During the same period last year, the business earned $0.17 earnings per share. 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. Analysts anticipate that CoStar Group, Inc. will post 1.06 earnings per share for the current fiscal year.

CoStar Group 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.