Insider Selling: Compass, Inc. (NYSE:COMP) Major Shareholder Sells 10,000,000 Shares of Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following the completion of the sale, the insider now owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This represents a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Compass Stock Performance

Shares of Compass stock traded down $0.02 during trading hours on Thursday, hitting $5.98. The company’s stock had a trading volume of 5,152,687 shares, compared to its average volume of 4,527,732. The company has a market cap of $3.05 billion, a PE ratio of -14.95 and a beta of 2.89. The business has a 50 day moving average price of $6.47 and a two-hundred day moving average price of $5.32. Compass, Inc. has a 12-month low of $2.89 and a 12-month high of $7.69.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on COMP. UBS Group boosted their target price on shares of Compass from $4.40 to $6.50 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Barclays upped their price objective on Compass from $6.00 to $7.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group raised their target price on Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Oppenheimer upped their price target on shares of Compass from $8.50 to $9.50 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price objective on shares of Compass in a research note on Tuesday, December 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.72.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.