Spire Global (NYSE:SPIR - Get Free Report) had its price objective raised by equities research analysts at Canaccord Genuity Group from $18.00 to $24.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price objective suggests a potential upside of 104.74% from the company's current price.
SPIR has been the topic of several other reports. Alliance Global Partners increased their price objective on shares of 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 shares of Spire Global from a "hold" rating to a "buy" rating and increased their price objective for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Robert W. Baird increased their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.80.
Check Out Our Latest Research Report on Spire Global
Spire Global Price Performance
SPIR stock traded up $0.26 during trading on Tuesday, hitting $11.72. 937,197 shares of the stock traded hands, compared to its average volume of 708,476. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The firm's 50 day moving average is $15.57 and its two-hundred day moving average is $12.36. The stock has a market cap of $285.08 million, a price-to-earnings ratio of -3.37 and a beta of 2.27.
Insider Buying and Selling at Spire Global
In other Spire Global news, CEO Peter Platzer sold 50,238 shares of the company's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now owns 1,891,703 shares in the company, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Theresa Condor sold 17,592 shares of the 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 $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,481 shares of company stock worth $1,380,714. Company insiders own 17.11% of the company's stock.
Hedge Funds Weigh In On Spire Global
Several institutional investors have recently made changes to their positions in the business. Marshall Wace LLP bought a new position in shares of Spire Global in the 4th quarter worth approximately $393,000. EAM Investors LLC bought a new position in shares of Spire Global in the 4th quarter worth approximately $700,000. Barclays PLC lifted its stake in shares of Spire Global by 10.8% in the 4th quarter. Barclays PLC now owns 35,325 shares of the company's stock worth $497,000 after purchasing an additional 3,450 shares during the period. Rockefeller Capital Management L.P. bought a new position in shares of Spire Global in the 4th quarter worth approximately $336,000. Finally, Raymond James Financial Inc. bought a new position in shares of Spire Global in the 4th quarter worth approximately $1,902,000. Institutional investors own 19.97% of the company's stock.
Spire Global Company Profile
(
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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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