Spire Global, Inc. (NYSE:SPIR) COO Sells $259,833.84 in Stock

Spire Global, Inc. (NYSE:SPIR - Get Free Report) COO Theresa Condor sold 17,592 shares of the business's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the transaction, the chief operating officer now directly owns 377,152 shares of the company's stock, valued at approximately $5,570,535.04. This represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Spire Global Stock Up 2.5 %

Spire Global stock traded up $0.39 during trading on Friday, hitting $15.98. 506,673 shares of the company were exchanged, compared to its average volume of 418,182. The company has a market capitalization of $388.63 million, a P/E ratio of -4.59 and a beta of 1.96. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 52 week low of $4.71 and a 52 week high of $19.40. The business's 50 day moving average is $10.51 and its 200 day moving average is $10.37.

Institutional Investors Weigh In On Spire Global

Several large investors have recently added to or reduced their stakes in SPIR. Barclays PLC raised its position in shares of Spire Global by 321.5% during the 3rd quarter. Barclays PLC now owns 31,875 shares of the company's stock valued at $318,000 after buying an additional 24,312 shares in the last quarter. Geode Capital Management LLC lifted its stake in Spire Global by 9.0% in 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 last quarter. XTX Topco Ltd purchased a new stake in Spire Global during the third quarter valued at about $392,000. Jane Street Group LLC boosted its holdings in Spire Global by 96.4% during the 3rd quarter. Jane Street Group LLC now owns 55,440 shares of the company's stock valued at $554,000 after acquiring an additional 27,219 shares during the period. Finally, State Street Corp boosted its stake in shares of Spire Global by 53.1% during the third 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. Hedge funds and other institutional investors own 19.97% of the company's stock.

Wall Street Analysts Forecast Growth

SPIR has been the topic of a number of research reports. Craig Hallum upgraded shares of Spire Global from a "hold" rating to a "buy" rating and upped their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners lifted 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. Raymond James reissued a "market perform" rating on shares of Spire Global in a research report on Wednesday, August 28th. Robert W. Baird increased their target price on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on Spire Global from $12.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $19.60.

Spire Global Company Profile

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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