Robert L. Reffkin, Chairman and CEO of Compass, Inc. (NYSE:COMP), recently made significant stock sales according to a recent filing. The company’s stock has shown incredible momentum, gaining more than 118% in the past year and 26% in the past week alone, according to InvestingPro data. On January 15 and January 17, Reffkin sold a total of 183,778 shares of Class A Common Stock. The sale was made under a Rule 10b5-1 trading plan adopted on May 10, 2024, and generated approximately $1.18 million. With analyst price targets ranging from $5.50 to $10.00, and expectations for profit this year, these insider transactions warrant attention. For a deeper understanding of insider trading patterns and comprehensive analysis, check out the detailed Pro Research Report available at InvestingPro.

The shares were traded at prices ranging from $6.01 to $6.92 per share. Following these transactions, Reffkin directly owned 1,957,283 shares. Additionally, he has indirect ownership of 7,828,116 shares through various trusts and corporations, as outlined in the filing’s footnotes.

These transactions reflect Reffkin’s continued adjustment of his holdings in the company, providing investors with insights into Compass, Inc.’s executive trading activities.

In other recent news, Compass Inc. reported strong financial performance, exceeding its revenue and adjusted EBITDA guidance by between 8% and 230%, respectively. This positive trend, as noted by analysts at Needham, is expected to continue until 2025, largely driven by an increase in real estate agents focusing on tech-enabled brokerages. The potential removal of the Clear Cooperation policy could further boost Compass’ growth strategy.

Compass also revised its financial outlook for the fourth quarter of 2024 and the full year, showing stronger performance than previously expected. The company expects Q4 revenue between $1.36 billion and $1.39 billion and full-year revenue to come in between $5.61 billion and $5.64 billion. Adjusted EBITDA for the fourth quarter is expected to be between $15 million and $18 million, and for the full year, it is estimated to be between $124 million and $127 million.

Analysts from Oppenheimer raised their price target on Compass shares to $9.50, from the previous $8.50, maintaining an Outperform rating for the company. This change comes after the strategic acquisition of Compass by Christie’s International , Midwest and Atlanta brokerages, and a Title company, in a deal valued at $444 million. Oppenheimer expects Compass to achieve $30 million in cost synergies over time.

Finally, Compass reported a significant increase in year-over-year revenue and increased transaction revenue in the third quarter. The company’s adjusted EBITDA increased to $52 million, marking a 139% increase from the same quarter last year. These recent developments underscore Compass Inc.’s continued momentum and growth trajectory. in the real estate technology sector.

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