Spire Global, Inc. (NYSE:SPIR - Get Free Report) has been given an average rating of "Moderate Buy" by the seven analysts that are currently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.40.
Several brokerages have recently commented on SPIR. Robert W. Baird boosted their price target on Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Wednesday. Alliance Global Partners boosted their price target on Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their target price on Spire Global from $11.50 to $15.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Craig Hallum raised 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 note on Thursday, November 14th.
Get Our Latest Stock Report on Spire Global
Insider Buying and Selling at Spire Global
In other Spire Global news, Chairman Peter Platzer sold 51,346 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $578,669.42. Following the completion of the transaction, the chairman now directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Boyd C. Johnson sold 11,304 shares of the company's stock in a transaction on Friday, February 21st. The stock was 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. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 240,457 shares of company stock worth $2,580,366. Insiders own 17.11% of the company's stock.
Institutional Trading of Spire Global
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Squarepoint Ops LLC acquired a new stake in shares of Spire Global during the 4th quarter worth $397,000. Two Sigma Investments LP increased its holdings in Spire Global by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock valued at $535,000 after purchasing an additional 1,550 shares in the last quarter. Shay Capital LLC acquired a new stake in Spire Global in the 4th quarter valued at $410,000. Numerai GP LLC acquired a new stake in Spire Global in the 4th quarter valued at $234,000. Finally, Granahan Investment Management LLC acquired a new stake in Spire Global in the 4th quarter valued at $1,774,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.
Spire Global Trading Up 1.4 %
Shares of NYSE:SPIR traded up $0.15 during trading on Friday, hitting $10.50. 682,436 shares of the stock were exchanged, compared to its average volume of 713,344. The company has a fifty day moving average price of $14.74 and a two-hundred day moving average price of $12.49. The company has a market cap of $270.19 million, a PE ratio of -3.02 and a beta of 2.34. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43.
About Spire Global
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Get Free ReportSpire 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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