Rep. Robert Bresnahan, Jr. Sells Off Shares of CoStar Group, Inc. (NASDAQ:CSGP)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of CoStar Group, Inc. (NASDAQ:CSGP). In a filing disclosed on May 31st, the Representative disclosed that they had sold between $1,001 and $15,000 in CoStar Group stock on May 15th. The trade occurred in the Representative’s “JP MORGAN BROKERAGE ACCOUNT” account.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Zimmer Biomet (NYSE:ZBH) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of Elevance Health (NYSE:ELV) on 5/15/2025.
• Sold $15,001 – $50,000 in shares of PepsiCo (NASDAQ:PEP) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of WEC Energy Group (NYSE:WEC) on 5/15/2025.
• Purchased $15,001 – $50,000 in shares of Advanced Micro Devices (NASDAQ:AMD) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Hershey (NYSE:HSY) on 5/15/2025.
• Purchased $1,001 – $15,000 in shares of Kraft Heinz (NASDAQ:KHC) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Exxon Mobil (NYSE:XOM) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of Danaher (NYSE:DHR) on 5/15/2025.
• Sold $1,001 – $15,000 in shares of International Flavors & Fragrances (NYSE:IFF) on 5/15/2025.

CoStar Group Price Performance

Shares of NASDAQ:CSGP opened at $73.27 on Tuesday. CoStar Group, Inc. has a 12 month low of $68.26 and a 12 month high of $83.68. The firm has a market capitalization of $30.91 billion, a P/E ratio of 209.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 8.96 and a quick ratio of 9.63. The company’s fifty day moving average price is $77.04 and its 200 day moving average price is $76.23.

CoStar Group announced that its Board of Directors has approved a stock buyback program on Tuesday, February 18th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the technology company to purchase up to 1.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CSGP shares. JMP Securities reiterated a “market outperform” rating and set a $85.00 target price on shares of CoStar Group in a research report on Wednesday, April 30th. Wells Fargo & Company lifted their price target on CoStar Group from $63.00 to $65.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 30th. Royal Bank of Canada reissued a “sector perform” rating and issued a $83.00 price objective on shares of CoStar Group in a report on Thursday, April 17th. JPMorgan Chase & Co. cut their target price on shares of CoStar Group from $99.00 to $87.00 and set an “overweight” rating on the stock in a report on Wednesday, February 19th. Finally, Bank of America started coverage on shares of CoStar Group in a research report on Friday. They issued a “neutral” rating and a $79.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, CoStar Group currently has an average rating of “Moderate Buy” and an average price target of $87.54.

Insiders Place Their Bets

In other CoStar Group news, CAO Cynthia Cammett Cann sold 1,749 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $79.90, for a total value of $139,745.10. Following the completion of the transaction, the chief accounting officer now directly owns 29,456 shares of the company’s stock, valued at approximately $2,353,534.40. This trade represents a 5.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.09% of the stock is currently owned by company insiders.

Institutional Trading of CoStar Group

Several hedge funds and other institutional investors have recently made changes to their positions in CSGP. Hopwood Financial Services Inc. purchased a new stake in CoStar Group in the 4th quarter valued at approximately $25,000. Wayfinding Financial LLC acquired a new stake in shares of CoStar Group in the 1st quarter valued at approximately $29,000. Bayforest Capital Ltd purchased a new stake in shares of CoStar Group in the first quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new stake in shares of CoStar Group in the fourth quarter valued at approximately $30,000. Finally, Zions Bancorporation National Association UT acquired a new position in CoStar Group during the first quarter worth $31,000. Hedge funds and other institutional investors own 96.60% of the company’s stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.