Robert W. Baird Raises Spire Global (NYSE:SPIR) Price Target to $13.00

Spire Global (NYSE:SPIR - Free Report) had its target price hoisted by Robert W. Baird from $11.00 to $13.00 in a report released on Wednesday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities analysts also recently commented on the company. Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and increased their price objective for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on Spire Global from $18.00 to $24.00 and gave the stock a "buy" rating in a research report on Tuesday, February 11th. Finally, Alliance Global Partners upped their target price on Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Spire Global has a consensus rating of "Moderate Buy" and a consensus price target of $18.40.

Spire Global Price Performance

NYSE:SPIR traded up $0.15 during mid-day trading on Wednesday, reaching $10.50. The stock had a trading volume of 682,436 shares, compared to its average volume of 713,344. The business's 50 day moving average is $14.74 and its 200 day moving average is $12.42. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The stock has a market cap of $270.19 million, a P/E ratio of -3.02 and a beta of 2.34.

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Insiders Place Their Bets

In other news, Chairman Peter Platzer sold 145,600 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total value of $1,511,328.00. Following the completion of the sale, the chairman now directly owns 1,694,757 shares of the company's stock, valued at approximately $17,591,577.66. This represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theresa Condor sold 17,979 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 359,173 shares of the company's stock, valued at $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 240,457 shares of company stock valued at $2,580,366 over the last 90 days. 17.11% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Spire Global

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of Spire Global in the third quarter valued at approximately $392,000. Nkcfo LLC bought a new position in Spire Global in the fourth quarter worth $774,000. Geode Capital Management LLC lifted its position 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 period. Harbor Capital Advisors Inc. bought a new position in Spire Global in the third quarter worth $629,000. Finally, Stifel Financial Corp lifted its position in Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock worth $2,424,000 after purchasing an additional 76,119 shares during the period. 19.97% of the stock is owned by institutional investors.

About Spire Global

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.