Spire Global, Inc. (NYSE:SPIR) COO Sells $259,833.84 in Stock

Spire Global, Inc. (NYSE:SPIR) COO Theresa Condor sold 17,592 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares of the company’s stock, valued at $5,570,535.04. The trade was a 4.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Spire Global Price Performance

Shares of SPIR stock opened at $15.98 on Monday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The business’s 50-day moving average price is $10.65 and its 200-day moving average price is $10.40. Spire Global, Inc. has a 12 month low of $4.71 and a 12 month high of $19.40.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently added to or reduced their stakes in the business. Pathway Financial Advisers LLC acquired a new position in Spire Global in the 1st quarter valued at approximately $27,000. nVerses Capital LLC acquired a new stake in Spire Global in the second quarter valued at $37,000. Quest Partners LLC raised its position in Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after purchasing an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Spire Global during the 2nd quarter worth about $106,000. Finally, MetLife Investment Management LLC bought a new stake in shares of Spire Global in the 3rd quarter valued at about $136,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.