Robert Musslewhite Acquires CoStar Group Shares
Insider Robert Musslewhite purchased 8,262 shares of CoStar Group on June 23, 2026.
Key Points
- Robert Musslewhite bought 8,262 shares of CoStar Group on June 23, 2026, as part of an insider transaction.
- CoStar Group, trading at $30.51 on Thursday, has a market cap of $11.9 billion and a P/E ratio of 417.4.
- Analysts maintain varied ratings, with a consensus target price of $48.25 and a 'buy' recommendation.
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Robert Musslewhite, a notable insider, recently purchased 8,262 shares of CoStar Group, Inc. (NasdaqGS: CSGP) on June 23, 2026. This transaction wasn't part of a planned purchase program, indicating a direct acquisition of shares.
Insider Buying and Selling at CoStar Group, Inc.
On June 23, 2026, several insiders, including Robert Musslewhite, John Berisford, Angelique Brunner, John Hill, Louise Sams, Rachel Glaser, and Christine McCarthy, each bought 8,262 shares of CoStar Group. These purchases were not part of any pre-arranged trading plans, suggesting confidence in the company's prospects.
Other Institutional Activity in CoStar Group
Vanguard Portfolio Management LLC opened a new position in CoStar Group, acquiring 38,234,133 shares valued at approximately $1.54 billion. Similarly, Vanguard Capital Management LLC initiated a new stake with 27,423,903 shares worth about $1.11 billion. Meanwhile, BlackRock, Inc. trimmed its holdings by 162,442 shares to a total of 33,808,184 shares, valued at around $1.36 billion, marking a 0.5% decrease. State Street Corp slightly increased its position by 18,623 shares, reaching 18,650,975 shares valued at $752.4 million. Principal Financial Group Inc also added 130,118 shares, bringing its total to 17,696,192 shares worth approximately $713.9 million.
CoStar Group, Inc. Stock Down 9.9%
Shares of CoStar Group traded near $30.51 on Thursday. The company has a market capitalization of about $11.9 billion and a P/E ratio of 417.4, indicating high investor expectations for growth. The stock's 52-week range spans from $29.08 to $97.43, and it has a beta of 0.72, suggesting lower volatility compared to the broader market. CoStar's 50-day moving average is $34.55, while its 200-day moving average is $56.86. The company maintains a solid financial position with a current ratio of 2.196 and a quick ratio of 1.941.
$CSGP stock price
Daily closing prices, year to date. Not investment advice.
Analysts Set New Price Targets
On June 24, 2026, Wells Fargo maintained a 'sell' rating on CoStar Group with a price target of $26. Earlier, on June 4, Benchmark initiated coverage with a 'buy' rating and a $45 target. B of A Securities held a 'hold' rating with a $37 target on May 19. Stephens & Co. and Goldman Sachs both maintained 'buy' ratings, with price targets of $42 and $54, respectively. The consensus among 20 analysts is a 'buy' recommendation, with a mean target price of $48.25.
About CoStar Group
CoStar Group, Inc., headquartered in Arlington, Virginia, provides information, analytics, and online marketplace services for the real estate industry. The company offers a range of platforms, including CoStar Property, CoStar Leasing, and CoStar Sales, which deliver comprehensive data on commercial properties and transactions. CoStar also operates popular real estate websites such as Apartamentos.com and LoopNet.com. Led by CEO Andrew C. Florance, CoStar employs over 8,400 people worldwide.
Bottom Line
The recent insider buying activity at CoStar Group, including Robert Musslewhite's purchase, reflects potential confidence in the company's future. As a leader in real estate analytics and online marketplaces, CoStar continues to attract institutional interest. However, the high P/E ratio suggests that investors expect significant growth. Remember, insider transactions and 13F filings provide historical data and don't necessarily indicate current positions.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.