Insider Selling: Spire Global, Inc. (NYSE:SPIR) CAO Sells 11,304 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares of the company’s stock, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Spire Global Trading Down 1.8 %

Shares of NYSE:SPIR opened at $11.04 on Thursday. The company has a 50 day moving average of $15.17 and a 200-day moving average of $12.35. The firm has a market cap of $268.52 million, a P/E ratio of -3.17 and a beta of 2.27. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43.

Institutional Trading of Spire Global

Institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new stake in shares of Spire Global in the 3rd quarter worth approximately $392,000. Nkcfo LLC acquired a new stake in shares of Spire Global in the 4th quarter worth approximately $774,000. Geode Capital Management LLC lifted its stake in shares of Spire Global by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after acquiring an additional 41,612 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in shares of Spire Global in the 3rd quarter worth approximately $629,000. Finally, Stifel Financial Corp raised its holdings in shares of Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on SPIR shares. Robert W. Baird boosted their target price on shares of Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Alliance Global Partners boosted their target price on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their target price on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. 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 currently has an average rating of “Moderate Buy” and an average price target 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.