Theresa Condor Sells 17,979 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 17,979 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares of the company’s stock, valued at $4,047,879.71. The trade was a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Spire Global Stock Performance

Shares of SPIR opened at $11.04 on Thursday. The stock’s 50-day simple moving average is $15.17 and its 200 day simple moving average is $12.35. The stock has a market capitalization of $268.52 million, a price-to-earnings ratio of -3.17 and a beta of 2.27. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43.

Institutional Trading of Spire Global

A number of institutional investors have recently added to or reduced their stakes in SPIR. Harbor Capital Advisors Inc. purchased a new stake in Spire Global during the 3rd quarter worth about $629,000. Van ECK Associates Corp purchased a new stake in shares of Spire Global in the 3rd quarter valued at about $172,000. Quest Partners LLC raised its holdings 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 valued at $87,000 after acquiring an additional 8,699 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after acquiring an additional 3,072 shares in the last quarter. Finally, Penserra Capital Management LLC raised its holdings in shares of Spire Global by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after acquiring an additional 9,149 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Alliance Global Partners increased their price target 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 $6.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.