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Cynthia Cammett, the Chief Accounting Officer of CoStar Group , Inc. (NASDAQ:CSGP), a $32.3 billion market cap company, has recently sold shares amounting to a total of $334,258, according to a recent SEC filing. The transactions, which took place over several months, involved the sale of 4,259 shares of common stock. The shares were sold at prices ranging from $76.85 to $79.90 per share, close to the current trading price of $78.73. InvestingPro analysis indicates the stock is trading near its Fair Value.
Following these sales, Cammett retains direct ownership of 26,485 shares in the company. These transactions were part of routine financial management and were reported in compliance with SEC regulations. The company has shown solid performance with 11.45% revenue growth in the last twelve months, and analysts have set price targets ranging from $63 to $103. For deeper insights into insider trading patterns and comprehensive analysis, check out the detailed CoStar Group research report on InvestingPro.
In other recent news, CoStar Group has reported substantial revenue projections, with analysts from JMP Securities maintaining a Market Outperform rating and a consistent price target of $85.00. The firm’s analysts express confidence in CoStar’s market position and growth potential, anticipating revenue of $2.74 billion in 2024. Additionally, Deutsche Bank (ETR:DBKGn) has initiated coverage on CoStar Group shares with a Buy rating and a price target of $89.00, highlighting the company’s competitive edge through its extensive proprietary databases.
CoStar Group has also completed its acquisition of Matterport (NASDAQ:MTTR), a leader in 3D digital twin technology, aiming to enhance AI-driven property insights and analytics. The merger is expected to integrate CoStar’s property data with Matterport’s 3D capture technology to revolutionize real estate marketing and exploration. Furthermore, CoStar Group announced plans to expand its workforce in Richmond, with a new headquarters slated for completion by May 2026, accommodating around 3,500 employees.
The company intends to hire 500 new sales professionals for Homes.com and 100 market analysts, alongside roles in technology and AI, to support its growth initiatives. Despite these expansions, CoStar Group does not anticipate any impact on its financial guidance for 2025. Analysts remain optimistic about CoStar’s strategic direction, expecting sustained growth as the company continues to invest in its core business and workforce.
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