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

Sapient Capital LLC decreased its position in shares of CoStar Group, Inc. (NASDAQ:CSGP) by 36.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 15,118 shares of the technology company’s stock after selling 8,849 shares during the period. Sapient Capital LLC’s holdings in CoStar Group were worth $1,082,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. ORG Partners LLC raised its position in CoStar Group by 534.8% in the 4th quarter. ORG Partners LLC now owns 419 shares of the technology company’s stock valued at $30,000 after purchasing an additional 353 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in CoStar Group in the 4th quarter valued at about $32,000. E Fund Management Hong Kong Co. Ltd. raised its position in CoStar Group by 17,100.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 516 shares of the technology company’s stock valued at $37,000 after purchasing an additional 513 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in CoStar Group in the 3rd quarter valued at about $40,000. Finally, CENTRAL TRUST Co raised its position in CoStar Group by 1,825.5% in the 4th quarter. CENTRAL TRUST Co now owns 982 shares of the technology company’s stock valued at $70,000 after purchasing an additional 931 shares in the last quarter. Institutional investors and hedge funds own 96.60% of the company’s stock.

Insider Buying and Selling

In other CoStar Group news, insider Michael J. Desmarais sold 5,500 shares of CoStar Group 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 transaction, the insider now directly owns 58,798 shares in the company, valued at approximately $4,696,784.24. This trade represents a 8.55 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.57% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CSGP. Citigroup reduced their price target on CoStar Group from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. William Blair reissued an “outperform” rating on shares of CoStar Group in a research report on Monday, January 6th. Royal Bank of Canada reissued a “sector perform” rating and set a $83.00 target price on shares of CoStar Group in a research report on Friday, January 10th. StockNews.com lowered CoStar Group from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Finally, Needham & Company LLC reissued a “buy” rating and set a $100.00 target price on shares of CoStar Group in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, CoStar Group has a consensus rating of “Moderate Buy” and an average target price of $90.23.

CoStar Group Trading Down 1.3 %

NASDAQ:CSGP opened at $76.00 on Wednesday. The stock’s 50 day moving average price is $74.25 and its 200 day moving average price is $75.48. The company has a market capitalization of $31.16 billion, a PE ratio of 172.73 and a beta of 0.87. The company has a quick ratio of 9.63, a current ratio of 9.63 and a debt-to-equity ratio of 0.13. CoStar Group, Inc. has a 52-week low of $68.26 and a 52-week high of $100.38.

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.