Spire Global, Inc. (NYSE:SPIR) CAO Sells $127,396.08 in Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares of the company’s stock, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Spire Global Price Performance

SPIR opened at $11.34 on Friday. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The company has a market capitalization of $275.77 million, a price-to-earnings ratio of -3.26 and a beta of 2.27. The firm’s fifty day moving average price is $15.15 and its two-hundred day moving average price is $12.34.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of Spire Global during the 3rd quarter worth approximately $392,000. Nkcfo LLC purchased a new stake in shares of Spire Global during the fourth quarter valued at approximately $774,000. Geode Capital Management LLC lifted its holdings in Spire Global by 9.0% during the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after acquiring an additional 41,612 shares during the period. Harbor Capital Advisors Inc. purchased a new position in Spire Global in the third quarter worth $629,000. Finally, Stifel Financial Corp grew its stake in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after purchasing an additional 76,119 shares during the period. 19.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

SPIR has been the subject of a number of recent research reports. Alliance Global Partners boosted their price target on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their price objective on shares of Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Canaccord Genuity Group upped their target price on shares of Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus 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.