Theresa Condor Sells 17,979 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 17,979 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares in the company, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Spire Global Stock Performance

Shares of SPIR stock opened at $11.28 on Wednesday. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm has a market capitalization of $274.26 million, a price-to-earnings ratio of -3.24 and a beta of 2.27. The stock’s 50-day simple moving average is $15.20 and its 200-day simple moving average is $12.36.

Institutional Investors Weigh In On Spire Global

Large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in shares of Spire Global during the fourth quarter worth about $37,000. BNP Paribas Financial Markets purchased a new stake in shares of Spire Global during the fourth quarter worth about $42,000. Quest Partners LLC grew its stake in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Spire Global during the fourth quarter worth about $135,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after acquiring an additional 597 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several research reports. Canaccord Genuity Group raised their price target on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Alliance Global Partners lifted their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their target price on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and a consensus target price of $19.80.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.