Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven analysts that are presently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.60.

Several analysts have weighed in on the stock. Canaccord Genuity Group boosted their target price on shares of Spire Global from $12.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Craig Hallum raised shares of Spire Global from a "hold" rating to a "buy" rating and boosted their price objective for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners raised their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Robert W. Baird upped their target price on Spire Global from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, November 14th.

Insider Buying and Selling at Spire Global

In related news, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the sale, the chief operating officer now directly owns 377,152 shares in the company, valued at $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief accounting officer now owns 311,608 shares of the company's stock, valued at $4,602,450.16. This represents a 3.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is owned by company insiders.

Institutional Trading of Spire Global

A number of institutional investors have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its holdings in Spire Global by 62.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after purchasing an additional 39,175 shares in the last quarter. Sanctuary Advisors LLC increased its position in shares of Spire Global by 15.9% during the 3rd 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 raised its stake in shares of Spire Global by 321.5% in the 3rd quarter. Barclays PLC now owns 31,875 shares of the company's stock worth $318,000 after buying an additional 24,312 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock valued at $5,057,000 after buying an additional 41,612 shares during the period. Finally, XTX Topco Ltd bought a new position in Spire Global during the third quarter valued at about $392,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Stock Performance

Shares of NYSE SPIR traded up $2.79 during trading on Thursday, reaching $16.61. The stock had a trading volume of 1,649,747 shares, compared to its average volume of 373,520. The stock has a market cap of $403.93 million, a PE ratio of -4.77 and a beta of 2.24. Spire Global has a one year low of $6.26 and a one year high of $19.40. The firm's 50 day moving average price is $14.07 and its two-hundred day moving average price is $11.56.

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.