Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 17,979 shares of Spire Global stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the transaction, the chief executive officer now owns 359,173 shares in the company, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Spire Global Stock Performance
Shares of NYSE:SPIR traded up $0.10 during midday trading on Friday, hitting $11.41. 304,216 shares of the stock were exchanged, compared to its average volume of 707,423. The stock has a market capitalization of $277.35 million, a price-to-earnings ratio of -3.28 and a beta of 2.27. The business's 50-day moving average price is $15.11 and its 200 day moving average price is $12.35. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43.
Institutional Trading of Spire Global
Several hedge funds and other institutional investors have recently made changes to their positions in SPIR. Vanguard Group Inc. boosted its holdings in Spire Global by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock valued at $15,540,000 after acquiring an additional 64,632 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Spire Global by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock valued at $7,172,000 after acquiring an additional 3,551 shares during the last quarter. State Street Corp boosted its holdings in Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after acquiring an additional 148,803 shares during the last quarter. Stifel Financial Corp boosted its holdings in 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 last quarter. Finally, Northern Trust Corp boosted its holdings in Spire Global by 6.4% in the fourth quarter. Northern Trust Corp now owns 188,393 shares of the company's stock valued at $2,651,000 after acquiring an additional 11,373 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have commented on SPIR shares. Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and boosted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. 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 note on Wednesday, February 19th. Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their target price 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 issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.80.
Read Our Latest Research Report on SPIR
About Spire Global
(
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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.
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