Categories: Insider Trading News

Compass CEO Robert Reffkin sells shares value $291,230


Robert L. Reffkin, Chairman and CEO of Compass, Inc. (NYSE:COMP), a $3 billion market cap actual property expertise firm with annual revenues exceeding $5.3 billion, not too long ago offered 49,316 shares of the corporate’s Class A standard inventory. In keeping with InvestingPro knowledge, COMP inventory has proven vital volatility, gaining almost 70% over the previous 12 months. The shares had been offered at a median worth of $5.9054, amounting to a complete transaction worth of roughly $291,230. Following this transaction, Reffkin holds 2,950,684 shares straight. Moreover, he holds oblique possession of seven,828,116 shares by means of numerous trusts and firms. This sale was carried out as a part of a pre-arranged buying and selling plan underneath Rule 10b5-1. For deeper insights into insider transactions and 12+ further ProTips about COMP’s monetary well being and valuation, contemplate accessing the great Professional Analysis Report accessible on InvestingPro.

In different current information, Compass Inc. has seen a number of vital developments. Oppenheimer has raised its goal worth on Compass shares to $9.50 from $8.50, sustaining its Outperform score. This adjustment follows Compass’s strategic acquisition of Christie’s Worldwide Actual Property, Midwest and Atlanta brokerages, and a Title firm for $444 million. The acquisition is predicted to usher in worldwide referrals and broaden title companies in attorney-directed states.

Compass additionally reported sturdy progress in its third-quarter earnings, with a major rise in income and transactions. The corporate’s adjusted EBITDA elevated to $52 million, a 139% enhance from the identical quarter within the earlier 12 months. Oppenheimer expects Compass to attain $30 million in value synergies over time, with a 7% enhance in fiscal 12 months 2025 and a 15% rise in fiscal 12 months 2026 for current residence gross sales. These current developments spotlight the continued momentum and progress trajectory of Compass Inc. in the true property expertise sector.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.

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