Compass CEO Robert Reffkin sells $6.61 million in inventory

Robert L. Reffkin, the Chairman and CEO of Compass , Inc. (NYSE:COMP), not too long ago executed a big sale of the corporate’s Class A Frequent Inventory. The transaction comes as Compass shares have proven exceptional power, delivering a 94% return over the previous 12 months and buying and selling close to its 52-week excessive of $7.69, based on InvestingPro knowledge. In accordance with a current SEC submitting, Reffkin bought a complete of 957,283 shares over two consecutive days, with transactions occurring on January 22 and January 23, 2025. The shares have been bought at a weighted common worth vary between $6.9021 and $6.9087 per share, leading to a complete sale worth of roughly $6.61 million. Primarily based on InvestingPro‘s Honest Worth evaluation, Compass seems to be buying and selling close to its honest worth. InvestingPro subscribers have entry to fifteen+ further insights and detailed valuation metrics for COMP, together with complete Professional Analysis Studies overlaying 1,400+ US shares.

Following these transactions, Reffkin retains direct possession of 1,000,000 shares of Compass inventory. Moreover, he holds oblique possession of seven,828,116 shares by way of varied trusts and funding entities. These gross sales have been carried out mechanically underneath a pre-established Rule 10b5-1 buying and selling plan, which Reffkin adopted in Might 2024. The corporate, at the moment valued at $3.87 billion, is predicted to show worthwhile this 12 months with analysts forecasting earnings of $0.06 per share.

In different current information, Compass Inc. has been producing vital consideration within the funding neighborhood. The actual property know-how agency not too long ago revised its monetary outlook for This autumn and the total 12 months of 2024, indicating stronger efficiency than beforehand anticipated. Compass Inc. achieved report Adjusted EBITDA and free money circulate for 2024, with This autumn income projected between $1.36 billion and $1.39 billion. Full-year income is now estimated to succeed in between $5.61 billion and $5.64 billion.

Analysts from Needham and Oppenheimer have maintained a constructive outlook on Compass Inc., with Needham sustaining a Purchase score and Oppenheimer elevating its worth goal on Compass Inc. shares to $9.50. This adjustment comes after Compass’s strategic acquisition of Christie’s Worldwide Actual Property, Midwest and Atlanta brokerages, in addition to a Title firm, in a deal valued at $444 million.

In different current developments, Compass Inc. reported strong progress in its third-quarter earnings, with a big year-over-year income enhance and an increase in transactions. The corporate’s adjusted EBITDA soared to $52 million, marking a 139% enhance from the identical quarter within the earlier 12 months. These current developments underscore the continuing momentum and progress trajectory of Compass Inc. in the actual property know-how sector.

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