Compass, Inc. (NYSE:COMP) Major Shareholder Excalibur (Cayman) Ltd Svf Sells 10,000,000 Shares

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $6.33, for a total transaction of $63,300,000.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Compass Price Performance

COMP stock opened at $5.98 on Friday. The company has a market cap of $3.05 billion, a P/E ratio of -14.95 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 stock’s fifty day moving average price is $6.47 and its 200-day moving average price is $5.32.

Analyst Upgrades and Downgrades

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