Spire Global, Inc. (NYSE:SPIR - Get Free Report) was up 12.1% during trading on Friday . The stock traded as high as $20.46 and last traded at $20.69. Approximately 167,831 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 462,566 shares. The stock had previously closed at $18.45.
Wall Street Analyst Weigh In
Several research analysts recently commented on SPIR shares. 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 lifted their price target on Spire Global from $18.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday. Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and raised their price objective for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Robert W. Baird upped their price target on shares of Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $20.80.
Read Our Latest Report on SPIR
Spire Global Trading Down 4.0 %
The firm has a market capitalization of $485.18 million, a P/E ratio of -5.73 and a beta of 2.27. The firm has a 50-day moving average of $15.62 and a two-hundred day moving average of $12.34.
Insiders Place Their Bets
In other news, 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 value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares of the company's stock, valued at approximately $5,570,535.04. This represents a 4.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $742,015.26. Following the completion of the sale, the chief executive officer now owns 1,891,703 shares in the company, valued at $27,940,453.31. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Spire Global
Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of Spire Global during the fourth quarter valued at about $1,902,000. Promus Capital LLC acquired a new stake in Spire Global during the 4th quarter valued at approximately $135,000. SBI Securities Co. Ltd. purchased a new stake in shares of Spire Global in the 4th quarter valued at $37,000. Bank of New York Mellon Corp raised its holdings in shares of Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock worth $718,000 after purchasing an additional 2,441 shares during the last quarter. Finally, Nkcfo LLC acquired a new position in Spire Global during the fourth quarter valued at $774,000. Institutional investors own 19.97% of the company's stock.
About Spire Global
(
Get Free Report)
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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