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In recent transactions reported to the SEC, Scott R. Wahlers, the Chief Accounting Officer of Compass , Inc. (NYSE:COMP), sold a significant portion of his holdings in the company. The sale comes as Compass, a prominent player in the Real Estate Management & Development industry with a market capitalization of $5 billion, has seen its stock surge over 180% in the past year. On February 19, Wahlers executed sales totaling 250,000 shares of Class A Common Stock. The transactions were conducted under a pre-established Rule 10b5-1 trading plan, with share prices ranging from $8.10 to $10.11. The total value of these sales amounted to approximately $2.32 million. According to InvestingPro data, the stock’s RSI suggests overbought conditions, following a remarkable 106% gain over the past six months. Following these transactions, Wahlers now holds 329,187 shares directly. While the company is not currently profitable, InvestingPro analysis indicates expected profitability this year, with analysts forecasting positive earnings. Discover 15+ additional exclusive insights and detailed financial metrics with InvestingPro’s comprehensive research report.
In other recent news, Compass Inc. has been the subject of several analyst updates following its recent financial performances and strategic moves. UBS analyst Chris Kuntarich raised the price target for Compass to $12.00, citing stronger than anticipated first-quarter guidance and a strategic acquisition of Christie’s that has positively impacted the company’s outlook. Morgan Stanley (NYSE:MS) also adjusted its price target to $8.50, noting Compass’s effective performance despite challenging real estate market conditions and highlighting its private inventory initiatives as a potential growth factor. Needham analysts increased their price target to $12.00, emphasizing the successful integration of Christie’s and the positive impact of Compass’s three-phase marketing strategy on its market share goals. Oppenheimer’s Jason Helfstein lifted the price target to $12.00, following an upbeat outlook from Compass’s fourth-quarter pre-announcement, which showed revenue and EBITDA figures above expectations. UBS had previously upgraded Compass’s stock rating to Buy, with a price target of $11.00, based on the company’s potential for organic growth and market share gains. These developments reflect a growing confidence among analysts in Compass’s strategic direction and financial prospects.
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