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 stock in a transaction 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 in the company, valued at approximately $367,584,828.09. This trade represents a 14.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Compass Trading Up 4.2 %

Compass stock opened at $6.23 on Friday. The company has a market cap of $3.18 billion, a P/E ratio of -15.57 and a beta of 2.89. Compass, Inc. has a 1-year low of $2.89 and a 1-year high of $7.69. The company has a fifty day simple moving average of $6.48 and a 200 day simple moving average of $5.34.

Analysts Set New Price Targets

Several research firms have weighed in on COMP. Needham & Company LLC reiterated a “buy” rating and issued a $8.00 target price on shares of Compass in a report on Tuesday, December 3rd. UBS Group increased their price objective 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. Oppenheimer increased their price objective 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. Barclays increased their price objective 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. Finally, The Goldman Sachs Group increased their price objective on shares of Compass from $7.00 to $8.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $6.72.

About Compass

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.