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

Compass, Inc. (NYSE:COMP) major shareholder Excalibur (Cayman) Ltd Svf sold 10,000,000 shares of Compass stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Compass Stock Up 4.2 %

Shares of NYSE:COMP opened at $6.23 on Friday. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $7.69. The stock has a market cap of $3.18 billion, a P/E ratio of -15.57 and a beta of 2.89. The business has a fifty day moving average of $6.48 and a two-hundred day moving average of $5.34.

Analyst Ratings Changes

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