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In a recent transaction, Robert L. Reffkin, Chairman and CEO of Compass , Inc. (NYSE:COMP), sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Reffkin sold a total of 2,775,490 shares of Class A Common Stock in multiple transactions. The sales occurred at prices ranging from $7.9067 to $9.9347 per share, amounting to a total value of approximately $25,044,666. The timing of these sales is notable as InvestingPro data shows the stock trading near its 52-week high of $10.25, with a remarkable 180% return over the past year.
These transactions were carried out under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Reffkin adopted in May 2024. The sales on February 14 and February 19, 2025, mark the completion of this plan.
Despite the sales, Reffkin still holds a substantial number of shares indirectly through various trusts and corporate entities. Following these transactions, he directly owns 1,000,000 shares of Class A Common Stock. Additionally, he has indirect ownership of 7,828,116 shares through entities such as the 2021 Reffkin Remainder Interest Trust and Reffkin Investment II Corp, among others.
The report also noted an acquisition of 1,636,354 shares of Class A Common Stock through the conversion of Class C Common Stock, which carries no purchase price. These conversions were part of routine transactions and did not involve any direct monetary exchange.
Investors often closely monitor insider transactions like these, as they can provide insights into executives’ views on the company’s prospects. According to InvestingPro data, analysts expect Compass to become profitable this year, with the stock currently showing strong momentum despite trading at a relatively high Price to Book multiple of 13.87.
In other recent news, Compass Inc. has been the focus of several analyst reports highlighting its financial and strategic developments. UBS analyst Chris Kuntarich raised the price target for Compass to $12.00, citing a stronger-than-expected first-quarter guidance and strategic acquisitions, including Christie’s. Morgan Stanley (NYSE:MS) also increased its price target to $8.50, emphasizing Compass’s strong operational execution and cost management despite challenges in the real estate market. Needham analysts echoed this sentiment, raising their price target to $12.00, following impressive fourth-quarter results and the successful integration of Christie’s.
Oppenheimer’s Jason Helfstein lifted his price target to $12.00, driven by positive management commentary and a favorable pre-announcement of fourth-quarter results. This pre-announcement showed revenue and EBITDA figures surpassing expectations by 8% and $12 million, respectively. UBS had earlier upgraded Compass’s stock rating to Buy, with a price target increase to $11.00, reflecting the company’s potential for organic growth and market share gains. Analysts have noted that Compass’s strategic initiatives, including its marketing strategies and acquisitions, are contributing positively to its financial outlook.
Additionally, Compass’s private inventory initiatives and potential changes in the "Clear Cooperation" policy were highlighted as factors that could enhance its market position. The company’s focus on cost efficiency and strategic growth is seen as a positive aspect in the current economic environment. Overall, these developments indicate a robust outlook for Compass, with analysts projecting significant growth in revenue and EBITDA over the coming years.
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