Rachel Glaser Buys CoStar Group Shares
Rachel Glaser acquired 8,262 shares of CoStar Group on June 23, signaling confidence in the company's prospects.
Key Points
- Rachel Glaser bought 8,262 shares of CoStar Group (NasdaqGS:CSGP) on June 23, reflecting insider buying activity.
- CoStar Group has a market cap of $11.93 billion and trades at a forward P/E of 16.24 with a 52-week range of $29.08 to $97.43.
- Vanguard Portfolio Management opened a new position in CoStar, while BlackRock reduced its holdings by 162,442 shares.
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Rachel Glaser, an insider at CoStar Group, Inc. (NasdaqGS:CSGP), recently acquired 8,262 shares of the company on June 23. This purchase was not part of a pre-arranged plan, suggesting Glaser's confidence in CoStar's future prospects.
Insider Buying and Selling at CoStar Group, Inc.
On June 23, several insiders, including Rachel Glaser, purchased 8,262 shares each of CoStar Group. These transactions were not conducted under any pre-planned trading programs, indicating a personal vote of confidence in the company. Other insiders making similar purchases on the same day included John Berisford, Angelique Brunner, John Hill, Louise Sams, and Christine McCarthy.
Other Institutional Activity in CoStar Group
Vanguard Portfolio Management LLC opened a new position in CoStar Group, acquiring 38,234,133 shares valued at about $1.54 billion. BlackRock, Inc. slightly reduced its holdings by 162,442 shares, now holding 33,808,184 shares worth approximately $1.36 billion, reflecting a 0.5% decrease. Vanguard Capital Management LLC also initiated a new stake with 27,423,903 shares valued at roughly $1.11 billion. State Street Corp increased its position by 18,623 shares, bringing its total to 18,650,975 shares, valued at $752.4 million. Meanwhile, Principal Financial Group Inc added 130,118 shares to its holdings, totaling 17,696,192 shares worth $713.9 million.
CoStar Group, Inc. Stock Down 9.9%
Shares of CoStar Group traded near $30.51 on Thursday. The company boasts a market capitalization of $11.93 billion and trades with a high P/E ratio of 417.43, but a more moderate forward P/E of 16.24. CoStar's beta is 0.72, indicating less volatility compared to the broader market. Over the past year, the stock has ranged from a low of $29.08 to a high of $97.43. The 50-day moving average is $34.55, while the 200-day moving average is $56.86. CoStar maintains a healthy current ratio of 2.20 and a quick ratio of 1.94, with a debt-to-equity ratio of 14.53.
$CSGP stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
CoStar Group reported revenue of $3.41 billion, with a year-over-year growth of 22.5%. Its earnings per share stand at $0.07, with a net margin of 0.73% and a return on equity of 0.30%. Investors can expect the next earnings report on July 21, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 22.5%. Revenue missed estimates by 1.9%.
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Profit surprise
EBITDA missed by 25 percent. Operating income missed by 68 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
8 target cuts.
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Earnings quality
Gross margin down 0.9 points. Operating margin up 6.2 points. Positive free cash flow.
Earnings Call Summary
CoStar delivered strong Q1 results with revenue of $897 million, up 23 percent year over year, and adjusted EBITDA of $132 million, doubling the prior year quarter. The Homes.com business accelerated with 35,175 agent members generating an average 11x return on subscription investment, while Apartments.com grew 10 percent and added significant Matterport tours. Management emphasized that activist distraction is behind them and they are confident in executing their growth and profitability targets through 2030.
Guidance Company reaffirmed full year revenue of $3.78 billion to $3.82 billion and raised adjusted EBITDA guidance to $780 million to $820 million. For the second quarter, they expect revenue of $922 million to $932 million and adjusted EBITDA of $160 million to $180 million, with Residential reaching profitability.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained a 'sell' rating for CoStar Group with a price target of $26. Earlier, on June 4, Benchmark initiated coverage with a 'buy' rating and a target of $45. Other notable ratings include B of A Securities' 'hold' at $37, and Goldman Sachs' 'buy' at $54. The consensus among 20 analysts is a 'buy', with an average target price of $48.25.
About CoStar Group
CoStar Group, Inc. provides a wide array of information, analytics, and online marketplace services to the real estate sector and related industries. It operates in multiple regions, including the United States, Australia, and Europe. The company offers products such as CoStar Property, CoStar Sales, and CoStar Leasing, which assist in property inventory, sales transactions, and lease management. Headquartered in Arlington, Virginia, CoStar is led by CEO Andrew C. Florance and employs over 8,400 people.
Bottom Line
Rachel Glaser's recent purchase of CoStar Group shares underscores insider confidence in the company's trajectory. CoStar's strong market presence and diverse service offerings make it a notable player in the real estate services sector. Investors should note that insider transactions can signal confidence but are not definitive indicators of future stock performance.
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