Insider Selling: Spire Global, Inc. (NYSE:SPIR) CAO Sells 12,373 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 12,373 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares in the company, valued at $4,602,450.16. This trade represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Spire Global Stock Up 2.5 %

Shares of NYSE SPIR traded up $0.39 during midday trading on Friday, reaching $15.98. 515,603 shares of the company’s stock traded hands, compared to its average volume of 418,221. The company has a market cap of $388.63 million, a price-to-earnings ratio of -4.59 and a beta of 1.96. Spire Global, Inc. has a one year low of $4.71 and a one year high of $19.40. 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 stock’s 50 day simple moving average is $10.51 and its 200-day simple moving average is $10.37.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Craig Hallum raised 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 report on Thursday, November 14th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Canaccord Genuity Group boosted their target price on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Robert W. Baird lifted 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. Finally, Alliance Global Partners upped their target price 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. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Pathway Financial Advisers LLC purchased a new position in Spire Global in the first quarter valued at about $27,000. nVerses Capital LLC bought a new stake in shares of Spire Global in the 2nd quarter valued at about $37,000. Quest Partners LLC grew its position in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Spire Global during the 2nd quarter worth approximately $106,000. Finally, MetLife Investment Management LLC purchased a new stake in Spire Global during the third quarter valued at approximately $136,000. 19.97% of the stock is owned by institutional investors.

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.