Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Peter Platzer sold 50,238 shares of Spire Global stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of the transaction, the chief executive officer now directly owns 1,891,703 shares in the company, valued at $27,940,453.31. This represents a 2.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Spire Global Stock Up 2.5 %
Shares of Spire Global stock traded up $0.39 on Friday, hitting $15.98. The company had a trading volume of 506,673 shares, compared to its average volume of 418,182. Spire Global, Inc. has a twelve month low of $4.71 and a twelve month high of $19.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a 50-day moving average of $10.51 and a 200-day moving average of $10.37. The firm has a market capitalization of $388.63 million, a P/E ratio of -4.48 and a beta of 1.96.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on SPIR shares. Baird R W lowered shares of Spire Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. Robert W. Baird lifted their target price on shares of Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price target on shares of Spire Global from $12.00 to $18.00 and gave the company a "buy" rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.60.
Get Our Latest Report on SPIR
Hedge Funds Weigh In On Spire Global
A number of large investors have recently added to or reduced their stakes in SPIR. NewGen Asset Management Ltd lifted its stake in Spire Global by 406.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company's stock valued at $4,390,000 after acquiring an additional 325,000 shares in the last quarter. Ancora Advisors LLC grew its position in shares of Spire Global by 429.2% in the 1st quarter. Ancora Advisors LLC now owns 329,457 shares of the company's stock valued at $3,953,000 after acquiring an additional 267,197 shares during the period. State Street Corp raised its holdings in shares of Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after purchasing an additional 148,803 shares during the period. Vanguard Group Inc. lifted its stake in Spire Global by 23.1% in the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company's stock valued at $9,220,000 after purchasing an additional 144,047 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in Spire Global by 45.7% during 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 last quarter. Institutional investors own 19.97% of the company's stock.
About Spire Global
(
Get Free Report)
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.
Further Reading
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