CoStar (CSGP) Insider Rachel Glaser Buys 8,262 Shares
Multiple company insiders recently scooped up shares of CoStar Group as investors look ahead to the real estate platform's upcoming quarterly financial report.
Reviewed by automated data checks against the source filing. How we make and check alerts
Rachel Glaser bought 8,262 shares of CoStar Group, Inc. ($CSGP) on June 23, 2026. The trade was reported to the SEC in a Form 4 filing.
Since the trade, $CSGP is down 6.4% after 1 week, down 10.3% after 1 month and up 6.8% to date (from the $30.26 close on Jun 23, 2026).
CSGP
CoStar Group, Inc.
Key Points
- Rachel Glaser and fellow insiders including Robert Musslewhite, Christine McCarthy, Louise Sams, John Hill, Angelique Brunner, and John Berisford each picked up 8,262 shares of CoStar Group Inc. (NasdaqGS: CSGP) on June 23, 2026.
- The stock recently traded near $29.04 per share, holding well below its 52-week high of $79.08 as the market awaits the next earnings update on October 27, 2026.
- Wall Street firms remain active around the name, led by recent target updates from Needham, BMO Capital, and JP Morgan within a broader consensus buy recommendation.
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Insider Buying and Selling at CoStar Group, Inc.
CoStar Group, Inc. (NasdaqGS: CSGP) saw a flurry of insider buying activity on June 23, 2026, when Rachel Glaser and a group of fellow insiders each acquired 8,262 shares of the real estate software and data provider. This synchronized round of open-market acquisitions included identical share blocks picked up by Robert Musslewhite, Christine McCarthy, Louise Sams, John Hill, Angelique Brunner, and John Berisford on the exact same date.
Stock Price Trades Near Lower Boundaries
Trading near $29.04 per share, CoStar Group shares sit closer to the lower end of their 52-week range, which spans from a low of $25.89 up to a high of $79.08. The current market valuation places the enterprise near a pivotal juncture as participants watch how shares behave relative to short-term and long-term trend lines. With the company carrying a forward P/E ratio of 18.05 alongside trailing twelve-month revenue of $3.56 billion, market participants continue to assess valuation levels ahead of upcoming operational catalysts.
Wall Street Analyst Views and Target Adjustments
Independent research firms have kept a close eye on the property database operator, updating their outlooks through the summer and autumn months. On October 6, 2026, Needham reiterated its buy rating on the stock with a $40.00 price target. Earlier, on August 24, 2026, BMO Capital maintained a market perform rating with a $33.00 price target. Back on July 29, 2026, several institutions adjusted their stances, including JP Morgan maintaining an overweight rating with a $52.00 target, Citizens maintaining a market outperform rating at a $35.00 target, Wolfe Research maintaining an outperform rating at a $32.00 target, and Keefe, Bruyette & Woods moving to a market perform rating with a $29.00 target. Meanwhile, Citigroup downgraded the stock to neutral with a $33.00 target, and William Blair shifted to a market perform rating without specifying a target. Across the broader community, the equity holds a consensus buy recommendation backed by 20 analyst opinions and a mean price target of $37.40.
What CoStar Group Does
Headquartered in Arlington, Virginia, CoStar Group provides online marketplaces, information, and analytics to commercial and residential real estate sectors. Its platform spans popular property databases, lease management tools, and listing sites such as Apartments.com, LoopNet, and Homes.com, serving brokers, owners, financial institutions, and individual home buyers across domestic and international markets.
Looking Ahead to Autumn Earnings
Attention now turns to the company's next scheduled earnings report on October 27, 2026, which will offer fresh visibility into revenue growth and net margins. This update follows a period of notable institutional portfolio adjustments, including First Citizens Bank & Trust reducing its stake in October and previous congressional trading interest earlier in the year.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
8 target cuts vs 0 raises.
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EPS & revenue
EPS beat estimates by 22.5%. Revenue missed estimates by 1.9%.
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Profit surprise
EBITDA missed by 25 percent. Operating income missed by 68 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
8 target cuts.
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Earnings quality
Gross margin down 0.9 points. Operating margin up 6.2 points. Positive free cash flow.
Earnings Call Summary
CoStar delivered strong Q1 results with revenue of $897 million, up 23 percent year over year, and adjusted EBITDA of $132 million, doubling the prior year quarter. The Homes.com business accelerated with 35,175 agent members generating an average 11x return on subscription investment, while Apartments.com grew 10 percent and added significant Matterport tours. Management emphasized that activist distraction is behind them and they are confident in executing their growth and profitability targets through 2030.
Guidance Company reaffirmed full year revenue of $3.78 billion to $3.82 billion and raised adjusted EBITDA guidance to $780 million to $820 million. For the second quarter, they expect revenue of $922 million to $932 million and adjusted EBITDA of $160 million to $180 million, with Residential reaching profitability.
Severe negative reset. The report materially damaged the forward outlook and likely forces major downward revisions.
Related Filing Alerts
Source: Rachel Glaser's Form 4 filing on $CSGP (Jun 23, 2026). Find the original filing: CSGP Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts