Sapient Capital LLC Acquires Shares of 18,226 CoStar Group, Inc. (NASDAQ:CSGP)

Sapient Capital LLC bought a new stake in CoStar Group, Inc. (NASDAQ:CSGP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 18,226 shares of the technology company’s stock, valued at approximately $1,593,000.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in CoStar Group by 125.4% in the 4th quarter. Blue Trust Inc. now owns 311 shares of the technology company’s stock valued at $27,000 after buying an additional 173 shares in the last quarter. Pinnacle Bancorp Inc. purchased a new position in shares of CoStar Group in the fourth quarter valued at $37,000. CVA Family Office LLC bought a new stake in shares of CoStar Group during the 4th quarter valued at $60,000. KB Financial Partners LLC lifted its holdings in CoStar Group by 17.9% during the 3rd quarter. KB Financial Partners LLC now owns 818 shares of the technology company’s stock worth $63,000 after purchasing an additional 124 shares in the last quarter. Finally, Lindbrook Capital LLC boosted its stake in CoStar Group by 78.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,224 shares of the technology company’s stock worth $107,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 96.60% of the company’s stock.

CoStar Group Trading Up 1.6 %

CoStar Group stock traded up $1.47 during trading hours on Friday, reaching $91.23. The company had a trading volume of 1,244,624 shares, compared to its average volume of 2,229,142. The firm has a market cap of $37.25 billion, a price-to-earnings ratio of 124.97, a P/E/G ratio of 10.05 and a beta of 0.84. CoStar Group, Inc. has a 12-month low of $67.35 and a 12-month high of $100.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.09 and a quick ratio of 9.09. The company has a 50-day moving average price of $90.47 and a 200 day moving average price of $85.03.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings results on Tuesday, February 20th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business had revenue of $640.00 million for the quarter, compared to analyst estimates of $634.27 million. CoStar Group had a net margin of 11.64% and a return on equity of 4.95%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.35 EPS. Equities analysts forecast that CoStar Group, Inc. will post 0.45 earnings per share for the current year.

Insiders Place Their Bets

In other CoStar Group news, insider Michael J. Desmarais sold 3,800 shares of the firm’s stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $92.67, for a total transaction of $352,146.00. Following the completion of the sale, the insider now directly owns 64,087 shares in the company, valued at approximately $5,938,942.29. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CFO Scott T. Wheeler sold 122,736 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The shares were sold at an average price of $92.61, for a total value of $11,366,580.96. Following the sale, the chief financial officer now owns 303,417 shares in the company, valued at $28,099,448.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael J. Desmarais sold 3,800 shares of CoStar Group stock in a transaction on Friday, April 26th. The stock was sold at an average price of $92.67, for a total value of $352,146.00. Following the completion of the sale, the insider now directly owns 64,087 shares of the company’s stock, valued at approximately $5,938,942.29. The disclosure for this sale can be found here. Corporate insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

CSGP has been the subject of several analyst reports. Citigroup raised their price target on shares of CoStar Group from $90.00 to $97.00 and gave the company a “buy” rating in a report on Wednesday, February 7th. Robert W. Baird boosted their target price on CoStar Group from $90.00 to $105.00 and gave the stock an “outperform” rating in a research report on Monday, March 18th. Needham & Company LLC raised their price target on CoStar Group from $90.00 to $107.00 and gave the company a “buy” rating in a report on Wednesday, April 24th. The Goldman Sachs Group lifted their price target on CoStar Group from $96.00 to $107.00 and gave the company a “buy” rating in a research report on Wednesday, March 20th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of CoStar Group in a research note on Friday, April 12th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $102.46.

About CoStar Group

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.