Leonardo Basola Sells 13,278 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the sale, the chief financial officer now directly owns 236,479 shares in the company, valued at $3,492,794.83. The trade was a 5.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Spire Global Price Performance

SPIR stock opened at $15.98 on Friday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm has a market cap of $388.60 million, a price-to-earnings ratio of -4.59 and a beta of 1.96. The company’s fifty day simple moving average is $10.65 and its 200 day simple moving average is $10.40. Spire Global, Inc. has a 12-month low of $4.71 and a 12-month high of $19.40.

Institutional Investors Weigh In On Spire Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in Spire Global by 321.5% in the third quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after buying an additional 24,312 shares during the period. Geode Capital Management LLC increased 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 valued at $5,057,000 after acquiring an additional 41,612 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Spire Global during the 3rd quarter valued at $392,000. Jane Street Group LLC boosted its stake in Spire Global by 96.4% during the third quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock worth $554,000 after acquiring an additional 27,219 shares in the last quarter. Finally, State Street Corp grew its holdings in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after purchasing an additional 148,803 shares during the period. Institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SPIR shares. Robert W. Baird raised their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Baird R W downgraded shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Alliance Global Partners boosted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group raised their target price on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and an average target price of $19.60.

About Spire Global

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.