Over the past year, many CoStar Group, Inc. (NASDAQ:CSGP) insiders sold a significant stake in the company which may have piqued investors' interest. When analyzing insider transactions, it is usually more valuable to know whether insiders are buying versus knowing if they are selling, as the latter sends an ambiguous message. However, shareholders should take a deeper look if several insiders are selling stock over a specific time period.
Although we don't think shareholders should simply follow insider transactions, we would consider it foolish to ignore insider transactions altogether.
The Last 12 Months Of Insider Transactions At CoStar Group
In the last twelve months, the biggest single sale by an insider was when the Chief Technology Officer, Frank Simuro, sold US$8.3m worth of shares at a price of US$89.65 per share. That means that an insider was selling shares at below the current price (US$90.34). As a general rule we consider it to be discouraging when insiders are selling below the current price, because it suggests they were happy with a lower valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. It is worth noting that this sale was only 26% of Frank Simuro's holding.
CoStar Group insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NasdaqGS:CSGP Insider Trading Volume April 26th 2024
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Insider Ownership
Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. It's great to see that CoStar Group insiders own 1.2% of the company, worth about US$436m. I like to see this level of insider ownership, because it increases the chances that management are thinking about the best interests of shareholders.
So What Does This Data Suggest About CoStar Group Insiders?
There haven't been any insider transactions in the last three months -- that doesn't mean much. It's heartening that insiders own plenty of stock, but we'd like to see more insider buying, since the last year of CoStar Group insider transactions don't fill us with confidence. Therefore, you should definitely take a look at this FREE report showing analyst forecasts for CoStar Group.
Of course CoStar Group may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
在過去的一年中,許多CoStar集團公司(納斯達克股票代碼:CSGP)內部人士出售了該公司的大量股份,這可能激起了投資者的興趣。在分析內幕交易時,了解內部人士是否在買入通常比知道他們是否在賣出更有價值,因爲後者發出的信息模棱兩可。但是,股東應更深入地研究是否有幾位內部人士在特定時間段內出售股票。
儘管我們認爲股東不應該只關注內幕交易,但我們認爲完全忽視內幕交易是愚蠢的。
CoStar集團最近12個月的內幕交易
在過去的十二個月中,內部人士最大的一次出售是首席技術官弗蘭克·西穆羅以每股89.65美元的價格出售了價值830萬美元的股票。這意味着一位內部人士正在以低於當前價格(90.34美元)的價格出售股票。通常,當內部人士以低於當前價格的價格出售時,我們認爲這令人沮喪,因爲這表明他們對較低的估值感到滿意。但是,請注意,賣家可能有各種各樣的賣出原因,因此我們不確定他們對股價的看法。值得注意的是,此次出售僅佔弗蘭克·西穆羅持股量的26%。
去年,CoStar集團內部人士沒有購買任何股票。下圖顯示了去年的內幕交易(公司和個人)。如果你想確切地知道誰賣了、賣了多少以及何時出售,只需點擊下圖!
納斯達克GS: CSGP 內幕交易量 2024 年 4 月 26 日
對於那些喜歡尋找中獎投資的人來說,這份最近有內幕收購的成長型公司的免費名單可能只是門票。
內部所有權
測試公司領導者與其他股東之間一致性的另一種方法是查看他們擁有多少股份。我們通常希望看到相當高的內部所有權水平。很高興看到CoStar集團內部人士擁有該公司1.2%的股份,價值約4.36億美元。我喜歡看到這種程度的內部所有權,因爲它增加了管理層考慮股東最大利益的機會。
那麼這些數據對CoStar集團內部人士有什麼啓示呢?
在過去的三個月中,沒有任何內幕交易——這並不意味着什麼。內部人士擁有大量股票令人鼓舞,但我們希望看到更多的內幕買入,因爲去年CoStar集團的內幕交易並沒有使我們充滿信心。因此,你一定要看看這份免費報告,該報告顯示了分析師對CoStar集團的預測。
當然,CoStar集團可能不是最值得購買的股票。因此,您可能希望看到這個免費的高質量公司集合。
就本文而言,內部人士是指向相關監管機構報告其交易的個人。我們目前只考慮公開市場交易和私下處置的直接利益,不包括衍生品交易或間接權益。
對這篇文章有反饋嗎?對內容感到擔憂嗎?請直接聯繫我們。或者,也可以發送電子郵件至編輯團隊 (at) simplywallst.com。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。