Third Point Sends Letter to Board of Directors of CoStar Group
CoStar Group, Inc. (CSGP)
Last costar group, inc. earnings: 4/28 04:02 pm
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US:NASDAQ Investor Relations:
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Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Third Point LLC (“Third Point” or the “Firm”), an alternative asset manager with approximately $24 billion in assets under management, today sent the following letter to the Board of Directors of CoStar Group (NASDAQ: CSGP):Board of DirectorsCoStar Group, Inc.1201 Wilson BoulevardArlington, VA, 22209January 27, 2026Dear Board Members:Last year, we approached CoStar management and expressed our concerns about the weak board oversight, misalignment of management incentives, and disastrous capital allocation policies that allowed CEO Andy Florance to sink billions of shareholder dollars into an ill-conceived and hopelessly executed strategy to build an online classifieds business in the residential real estate (RRE) industry. Our dim view of the Company’s strategy is plainly shared by other shareholders, underscored by the abysmal stock performance of the past five years – down 27% versus a 94% total return for the S&P 500. We thought then, as we do now, th
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CSGP
Earnings
- 10/28/25 - Beat
CSGP
Sec Filings
- 1/7/26 - Form 8-K
- 11/17/25 - Form 4
- 11/17/25 - Form 4
- CSGP's page on the SEC website