Insider Selling: Compass, Inc. (NYSE:COMP) CEO Sells 496,302 Shares of Stock

Compass, Inc. (NYSE:COMP) CEO Robert L. Reffkin sold 496,302 shares of Compass stock in a transaction on Monday, November 18th. The stock was sold at an average price of $6.18, for a total transaction of $3,067,146.36. Following the sale, the chief executive officer now directly owns 653,444 shares of the company’s stock, valued at approximately $4,038,283.92. This trade represents a 43.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Robert L. Reffkin also recently made the following trade(s):

• On Friday, August 23rd, Robert L. Reffkin sold 814,302 shares of Compass stock. The shares were sold at an average price of $4.91, for a total value of $3,998,222.82.

Compass Stock Performance

Compass stock traded down $0.14 during midday trading on Monday, hitting $6.19. 2,875,748 shares of the company’s stock were exchanged, compared to its average volume of 4,602,783. The firm’s 50 day simple moving average is $6.13 and its 200 day simple moving average is $4.87. Compass, Inc. has a 12-month low of $1.99 and a 12-month high of $7.01. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of -15.46 and a beta of 2.91.

Wall Street Analyst Weigh In

COMP has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Compass from $4.00 to $4.50 and gave the company a “buy” rating in a report on Thursday, August 1st. Oppenheimer reissued an “outperform” rating and set a $8.50 price objective (up previously from $8.00) on shares of Compass in a report on Friday, November 1st. Needham & Company LLC upped their target price on shares of Compass from $6.00 to $8.00 and gave the company a “buy” rating in a report on Thursday, October 31st. UBS Group lifted their price target 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. Finally, Barclays boosted their price target on shares of Compass from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $5.53.

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.