{"id":49771,"date":"2026-05-05T17:20:51","date_gmt":"2026-05-05T14:20:51","guid":{"rendered":"https:\/\/mk.gen.tr\/costar-ceo-andy-florance-buys-over-70000-shares-via-options\/"},"modified":"2026-05-05T17:20:51","modified_gmt":"2026-05-05T14:20:51","slug":"costar-ceo-andy-florance-buys-over-70000-shares-via-options","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/tr\/costar-ceo-andy-florance-buys-over-70000-shares-via-options\/","title":{"rendered":"CoStar CEO Andy Florance buys over 70,000 shares via options"},"content":{"rendered":"

CoStar Group<\/strong> founder and CEO Andy Florance <\/a>purchased over 70,000 securities belonging to his firm last Friday.\u00a0<\/p>\n

A Form 4 <\/a>filed with the Securities and Exchange Commission<\/strong> on Monday shows that Florance exercised his stock option for compensation.\u00a0<\/p>\n

According to the filing, Florence acquired a total of 71,430 securities via two transactions, one which included 68,330 securities and a second that included 3,100 securities. The securities ranged in price from $34.67 to $36.00 per security. In total, Florance now directly owns 1,772,865.03 securities of CoStar Group.\u00a0<\/p>\n

Last week, CoStar Group announced<\/a> that it had delivered its 60th consecutive quarter of double-digit revenue growth, with revenue rising 23% annually to $897 million in Q1 2026. The firm also reported $3 million in net income, compared to a $15 million net loss a year ago.\u00a0<\/p>\n

During the call, Florance addressed the activist investor campaign<\/a> waged by investors Third Point<\/strong> and DE Shaw <\/strong>over the past year due to Homes.com<\/strong>\u2019s slow growth<\/a> and the weaker performance of CoStar\u2019s core commercial real estate business.\u00a0<\/p>\n

\u201c[The activist campaign] over the last year did weigh heavily on Homes.com sales and potential partnerships,\u201d he said. \u201cReal estate leaders were reading a steady drumbeat of negative coverage. Nonetheless, we made durable progress through it.<\/p>\n

\u201cWith that distraction now behind us, we can now apply even more focused energy to accelerating Homes.com revenue and the revenue in every other business in the portfolio.\u201d<\/p>\n

In early April, Third Point sold its CoStar shares<\/a>. It remains to be seen what DE Shaw will do with its shares.<\/p>","protected":false},"excerpt":{"rendered":"

CoStar Group founder and CEO Andy Florance purchased over 70,000 securities belonging to his firm last Friday.\u00a0 A Form 4 filed with the Securities and Exchange Commission on Monday shows that Florance exercised his stock option for compensation.\u00a0 According to the filing, Florence acquired a total of 71,430 securities via two transactions, one which included…<\/p>","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts\/49771"}],"collection":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/comments?post=49771"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/posts\/49771\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/media?parent=49771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/categories?post=49771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/tr\/wp-json\/wp\/v2\/tags?post=49771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}