Rep. Julie Johnson Sells Off Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Representative Julie Johnson (D-Texas) recently sold shares of CoStar Group, Inc. (NASDAQ:CSGP). In a filing disclosed on February 12th, the Representative disclosed that they had sold between $1,001 and $15,000 in CoStar Group stock on January 15th. The trade occurred in the Representative’s “MERRILL LYNCH TAX EFFICIENT CORE” account.

Representative Julie Johnson also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Dell Technologies (NYSE:DELL) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PepsiCo (NASDAQ:PEP) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of Intuit (NASDAQ:INTU) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of ALLETE (NYSE:ALE) on 1/28/2025.
• Sold $1,001 – $15,000 in shares of PPG Industries (NYSE:PPG) on 1/27/2025.
• Purchased $1,001 – $15,000 in shares of Progressive (NYSE:PGR) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of The Goldman Sachs Group (NYSE:GS) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Chubb (NYSE:CB) on 1/24/2025.
• Sold $1,001 – $15,000 in shares of Morgan Stanley (NYSE:MS) on 1/24/2025.
• Purchased $1,001 – $15,000 in shares of Merck & Co., Inc. (NYSE:MRK) on 1/17/2025.

CoStar Group Trading Up 0.7 %

Shares of NASDAQ:CSGP opened at $74.06 on Friday. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. The stock has a market cap of $30.36 billion, a price-to-earnings ratio of 168.32 and a beta of 0.87. The business has a 50-day moving average price of $73.97 and a 200-day moving average price of $75.43.

Insider Transactions at CoStar Group

In other news, insider Michael J. Desmarais sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $79.88, for a total value of $439,340.00. Following the completion of the sale, the insider now directly owns 58,798 shares in the company, valued at $4,696,784.24. This represents a 8.55 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.57% of the company’s stock.

Wall Street Analyst Weigh In

CSGP has been the subject of several recent research reports. JMP Securities reissued a “market outperform” rating and set a $90.00 target price on shares of CoStar Group in a report on Monday, December 16th. Royal Bank of Canada reiterated a “sector perform” rating and set a $83.00 price objective on shares of CoStar Group in a research note on Friday, January 10th. JPMorgan Chase & Co. reduced their price objective on CoStar Group from $108.00 to $99.00 and set an “overweight” rating for the company in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods reduced their price target on CoStar Group from $96.00 to $93.00 and set an “outperform” rating for the company in a research report on Tuesday, January 28th. Finally, BMO Capital Markets reduced 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $90.23.

Institutional Trading of CoStar Group

A number of institutional investors and hedge funds have recently modified their holdings of CSGP. Livforsakringsbolaget Skandia Omsesidigt increased its stake in CoStar Group by 425.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,100 shares of the technology company’s stock worth $158,000 after buying an additional 1,700 shares in the last quarter. Procyon Advisors LLC increased its position in shares of CoStar Group by 9.9% during the third quarter. Procyon Advisors LLC now owns 19,180 shares of the technology company’s stock worth $1,447,000 after purchasing an additional 1,726 shares in the last quarter. Sapient Capital LLC increased its position in shares of CoStar Group by 37.4% during the third quarter. Sapient Capital LLC now owns 23,967 shares of the technology company’s stock worth $1,808,000 after purchasing an additional 6,522 shares in the last quarter. Creative Planning grew its holdings in shares of CoStar Group by 27.9% during the third quarter. Creative Planning now owns 31,828 shares of the technology company’s stock worth $2,401,000 after buying an additional 6,939 shares in the last quarter. Finally, Swedbank AB grew its holdings in shares of CoStar Group by 469.3% during the third quarter. Swedbank AB now owns 248,043 shares of the technology company’s stock worth $18,712,000 after buying an additional 204,474 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About Representative Johnson

Julie Johnson (Democratic Party) is a member of the U.S. House, representing Texas’ 32nd Congressional District. She assumed office on January 3, 2025. Her current term ends on January 3, 2027.

Johnson (Democratic Party) ran for election to the U.S. House to represent Texas’ 32nd Congressional District. She won in the general election on November 5, 2024.

Julie Johnson earned a B.A. in history and government from the University of Texas at Austin in 1987 and a J.D. from the University of Houston Law Center in 1991. Johnson’s career experience includes working as an attorney.

CoStar Group Company 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.