On October 25, 2024, Michael Klein, Director at CoStar Group Inc (CSGP, Financial), executed a sale of 71,633 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 1,913,501 shares of CoStar Group Inc.
CoStar Group Inc is a provider of information, analytics, and online marketplaces to the commercial real estate industry in the United States and internationally.
Over the past year, the insider transaction history at CoStar Group Inc shows a trend with 1 insider buy and 7 insider sells. Michael Klein's recent transaction follows this trend of more insider selling than buying within the company.
Shares of CoStar Group Inc were trading at $74.69 on the day of the transaction. The company has a market cap of $30.46 billion. The price-earnings ratio of the stock stands at 168.89, significantly higher than the industry median of 14.62, indicating a premium valuation relative to its peers.
The stock's valuation according to the GF Value is set at $92.09, suggesting that CoStar Group Inc is modestly undervalued with a price-to-GF-Value ratio of 0.81.
The GF Value is calculated considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to investors tracking insider behaviors as an indicator of potential future stock performance, particularly in the context of the company's valuation and market performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
