Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Princeton’s New Museum Feels Intimate Despite Its Overwhelming Size

October 31, 2025

Comment | What the art market doesn’t allow, branded content does for Tom Sachs – The Art Newspaper

October 31, 2025

Trump could give automakers relief from Nexperia chip shortage with China deal

October 31, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Business
Business

Costar Group director Christopher Nassetta sells $135,135 in stock By Investing.com

News RoomBy News RoomDecember 2, 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Christopher J. Nassetta, a director at CoStar Group , Inc. (NASDAQ:), a prominent player in the Management & Development industry with a market capitalization of $32.8 billion, has recently sold shares of the company, according to a recent SEC filing. On November 27, Nassetta sold 1,681 shares of CoStar Group’s common stock at an average price of $80.39 per share, resulting in a total transaction value of approximately $135,135. InvestingPro analysis indicates the stock is trading at high valuation multiples, with a P/E ratio of 185.6x. Following this sale, Nassetta holds 229,715 shares directly and an additional 46,000 shares indirectly through Harwood Road, LLC. The sale price ranged from $80.38 to $80.45 per share. According to InvestingPro, the company maintains strong financial health with a current ratio of 9.63 and holds more cash than debt on its balance sheet. Get access to 12 additional InvestingPro Tips and a comprehensive Pro Research Report for deeper insights into CSGP’s valuation and growth prospects.

In other recent news, CoStar Group’s earnings and revenue have shown impressive growth, with a reported 11% year-over-year revenue increase in Q3, reaching $693 million. The company’s net income also surged to $53 million, up from $7 million in Q1 2024. Analysts from both Citi and Needham have maintained a Buy rating on CoStar Group, with Citi adjusting the price target from $97.00 to $90.00.

The company also recently completed the acquisition of Visual Lease, a leading lease administration and accounting software provider. This merger is anticipated to enhance CoStar’s Real Estate Manager business and offer expanded lease management and accounting solutions.

CoStar Group is planning a significant expansion of its sales force, targeting over 275 hires by the end of 2024, potentially doubling in 2025. The company’s revenue guidance for the full year 2024 is set between $2.72 billion and $2.73 billion, with an adjusted EBITDA projected to be between $205 million and $215 million. These recent developments highlight a period of transition for CoStar, with expectations that bookings, which have reached $44 million, may have stabilized.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Bank of Israel quashes rate cut rumors

Should You Invest in Woodward (WWD)?

What to watch for at China’s Communist Party’s plenum

Jamie Dimon issues private credit warning: ‘When you see one cockroach, there are probably more’

European hostility could jeopardize Metro

Exclusive-Japan’s Rakuten weighing US IPO of credit card business, sources say

Dipan Mehta bullish on LG Electronics as GST cut boosts outlook

Kamala Harris doesn’t believe her presidential run was her finale: A glass ‘cliff suggests finality, and I’m not into that’

LevelBlue acquires cybersecurity co Cybereason

Recent Posts
  • Princeton’s New Museum Feels Intimate Despite Its Overwhelming Size
  • Comment | What the art market doesn’t allow, branded content does for Tom Sachs – The Art Newspaper
  • Trump could give automakers relief from Nexperia chip shortage with China deal
  • Investigators Believe Oakland Museum of California Heist Was ‘Crime of Opportunity, Not a Targeted Theft’
  • Gauguin ‘fake’ is real, Mrinalini Mukherjee and her circle, Franz Xaver Messerschmidt’s head piece—podcast – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

Comment | What the art market doesn’t allow, branded content does for Tom Sachs – The Art Newspaper

October 31, 2025

Trump could give automakers relief from Nexperia chip shortage with China deal

October 31, 2025

Investigators Believe Oakland Museum of California Heist Was ‘Crime of Opportunity, Not a Targeted Theft’

October 31, 2025

Gauguin ‘fake’ is real, Mrinalini Mukherjee and her circle, Franz Xaver Messerschmidt’s head piece—podcast – The Art Newspaper

October 31, 2025

Sotheby’s to Sell Cattelan’s Golden Toilet, Inside the Studio Museum in Harlem’s New Building, and More: Morning Links for October 31, 2025.

October 31, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.