Leonardo Basola Sells 14,228 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 14,228 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $160,349.56. Following the completion of the transaction, the chief financial officer now owns 222,251 shares of the company’s stock, valued at $2,504,768.77. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spire Global Price Performance

Shares of Spire Global stock traded up $0.14 during trading hours on Tuesday, reaching $11.28. The company’s stock had a trading volume of 562,976 shares, compared to its average volume of 726,327. The firm has a 50 day moving average price of $15.25 and a 200-day moving average price of $12.35. The stock has a market cap of $274.28 million, a P/E ratio of -3.24 and a beta of 2.27. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. XTX Topco Ltd bought a new stake in shares of Spire Global in the 3rd quarter valued at approximately $392,000. Nkcfo LLC bought a new position in shares of Spire Global during the 4th quarter valued at approximately $774,000. Geode Capital Management LLC lifted its position in Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after buying an additional 41,612 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Spire Global during the third quarter valued at $629,000. Finally, Stifel Financial Corp raised its stake in shares of Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after acquiring an additional 76,119 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on SPIR. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. 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 report on Thursday, November 14th. Finally, Robert W. Baird boosted their target price on Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and an average target price of $19.80.

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.