Brokerages Set Spire Global, Inc. (NYSE:SPIR) PT at $19.60

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are currently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.60.

SPIR has been the topic of several analyst reports. Robert W. Baird increased their price target on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their target price on Spire Global from $12.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and boosted their price target for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Alliance Global Partners raised their price objective 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.

Spire Global Stock Up 8.1 %

Shares of NYSE:SPIR traded up $1.34 during midday trading on Thursday, reaching $17.98. The company's stock had a trading volume of 1,003,914 shares, compared to its average volume of 229,706. The firm has a market capitalization of $437.32 million, a PE ratio of -5.17 and a beta of 2.24. The stock has a fifty day moving average of $14.34 and a 200 day moving average of $11.65. Spire Global has a twelve month low of $6.26 and a twelve month high of $19.40.

Insider Buying and Selling

In other Spire Global news, CEO Peter Platzer sold 50,238 shares of Spire Global stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $742,015.26. Following the sale, the chief executive officer now owns 1,891,703 shares of the company's stock, valued at $27,940,453.31. The trade was a 2.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $182,749.21. Following the completion of the sale, the chief accounting officer now owns 311,608 shares of the company's stock, valued at $4,602,450.16. This trade represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is owned by corporate insiders.

Institutional Trading of Spire Global

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Spire Global in the 4th quarter valued at $150,000. Harbor Capital Advisors Inc. boosted its position in shares of Spire Global by 62.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock valued at $1,436,000 after acquiring an additional 39,175 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after purchasing an additional 1,700 shares during the period. Barclays PLC increased its position in Spire Global by 321.5% during the third quarter. Barclays PLC now owns 31,875 shares of the company's stock worth $318,000 after purchasing an additional 24,312 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake 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 purchasing an additional 41,612 shares during the period. Hedge funds and other institutional investors own 19.97% of the company's stock.

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.