The Teacher Retirement System of Texas has trimmed CoStar Group, Inc.'s (NASDAQ:CSGP) position by selling 12,874 shares. A CoStar Group executive has sold $221k worth of shares. CoStar Group has made strides in the ongoing secular growth trend. The company has demonstrated strong growth momentum and made a notable acquisition of a tech company that specializes in virtual showings. There has been in increase in short interest by 7.8%. However, CoStar does face some selling from insiders.
On a positive note, CoStar's first quarter 2024 earnings beat expectations and the company managed to surpass 100 million visitors on its Homes.com platform. It has shown strength by moving 7.9% higher recently, even amidst challenging real estate markets. The company has also made strategic acquisitions such as the France-based BureauxLocaux and Matterport, a global leader in immersive 3D digital twins and Artificial Intelligence. The company has an optimistic outlook for its FY 2027 targets. Despite falling 14% on plans of further investments CoStar Group shares are worth watching.
Costar Group CSGP News Analytics from Sun, 20 Aug 2023 07:00:00 GMT to Sun, 19 May 2024 11:56:21 GMT - Rating 1 - Innovation 4 - Information 7 - Rumor 6
