Spire Global, Inc. (NYSE:SPIR) CEO Sells $202,623.33 in Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 17,979 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares in the company, valued at $4,047,879.71. This represents a 4.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Spire Global Stock Up 2.6 %

Shares of Spire Global stock opened at $11.34 on Friday. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The business has a 50 day moving average price of $15.15 and a 200-day moving average price of $12.34. The company has a market cap of $275.77 million, a PE ratio of -3.26 and a beta of 2.27.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Robert W. Baird boosted their price target on shares of Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of SPIR. SBI Securities Co. Ltd. bought a new position in Spire Global during the 4th quarter valued at $37,000. BNP Paribas Financial Markets purchased a new stake in shares of Spire Global in the fourth quarter valued at about $42,000. Quest Partners LLC lifted its position in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in Spire Global in the 4th quarter worth about $135,000. Institutional investors own 19.97% of the company’s stock.

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.