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 the company’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 completion of the sale, the insider now directly owns 58,070,273 shares of the company’s stock, valued at $367,584,828.09. This trade represents a 14.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 COMP traded down $0.02 during trading hours on Thursday, hitting $5.98. The company had a trading volume of 5,152,687 shares, compared to its average volume of 4,527,732. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of -14.95 and a beta of 2.89. The firm has a fifty day moving average price of $6.47 and a 200-day moving average price of $5.32. Compass, Inc. has a 52-week low of $2.89 and a 52-week high of $7.69.

Wall Street Analyst Weigh In

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