Spire Global (NYSE:SPIR) Given New $18.00 Price Target at Stifel Nicolaus

Spire Global (NYSE:SPIR - Get Free Report) had its target price dropped by stock analysts at Stifel Nicolaus from $20.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective suggests a potential upside of 138.60% from the company's current price.

Several other brokerages also recently commented on SPIR. Canaccord Genuity Group cut their target price on Spire Global from $15.00 to $14.50 and set a "buy" rating on the stock in a research note on Friday, March 14th. Robert W. Baird dropped their price objective on Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Spire Global currently has an average rating of "Moderate Buy" and a consensus price target of $17.50.

Spire Global Stock Down 0.9 %

Spire Global stock traded down $0.07 during trading hours on Tuesday, hitting $7.54. The stock had a trading volume of 740,294 shares, compared to its average volume of 454,994. The stock's 50-day moving average price is $12.02 and its 200-day moving average price is $12.48. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43. The stock has a market capitalization of $233.62 million, a P/E ratio of -2.17 and a beta of 2.42.

Insiders Place Their Bets

In related news, CAO Boyd C. Johnson sold 11,304 shares of the firm'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 transaction, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Peter Platzer sold 27,564 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total value of $236,223.48. Following the sale, the chairman now directly owns 1,615,902 shares of the company's stock, valued at $13,848,280.14. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,021 shares of company stock valued at $2,816,590. Insiders own 17.11% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SPIR. Squarepoint Ops LLC bought a new stake in Spire Global during the 4th quarter worth approximately $397,000. Two Sigma Investments LP raised its position in shares of Spire Global by 4.3% during 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 during the period. Shay Capital LLC purchased a new position in shares of Spire Global during the 4th quarter valued at $410,000. Numerai GP LLC bought a new position in Spire Global in the 4th quarter worth $234,000. Finally, Granahan Investment Management LLC purchased a new stake in Spire Global in the 4th quarter worth $1,774,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.