COSTAR President buys 20,000 shares at $45.33; stock down -51.7% from 52-week high. Cluster buy by 2 other insiders in past 14 days.
Frederick G. Saint, President of Marketplaces at CoStar, purchased 20,000 shares at $45.33 on 2026-03-02, increasing his holdings by 7.7% to 279.9K shares. The purchase occurred as the stock trades 51.7% below its 52-week high of $96.83 and has declined 23.9% in the past 30 days and 32.2% over 90 days. Saint's cross-ticker track record shows 3 prior sells with a 66.67% well-timed rate at the 90-day mark, though his two most recent same-ticker sales at CSGP (Aug-28 and Jul-28, 2025) were both well-timed against declines. The buy is part of a broader cluster pattern, with 2 other insiders purchasing within the past 14 days, suggesting coordinated confidence at depressed valuations. However, CoStar's fundamentals present complexity: the company reported net income of $-30.9M in the latest quarter despite 18.7% annual revenue growth, and trades at an extreme P/E of 2339.00, reflecting market skepticism about near-term profitability even as top-line growth accelerates.