Compass, Inc. (NYSE:COMP) Major Shareholder Sells $63,300,000.00 in Stock

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the company’s 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 transaction, the insider now owns 58,070,273 shares in the company, valued at $367,584,828.09. The trade was a 14.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Price Performance

Shares of NYSE COMP opened at $6.23 on Friday. The company’s 50 day simple moving average is $6.48 and its 200 day simple moving average is $5.34. Compass, Inc. has a fifty-two week low of $2.89 and a fifty-two week high of $7.69. The firm has a market capitalization of $3.18 billion, a P/E ratio of -15.57 and a beta of 2.89.

Analyst Ratings Changes

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