Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola Sells 13,278 Shares

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 13,278 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $196,116.06. Following the completion of the transaction, the chief financial officer now owns 236,479 shares in the company, valued at approximately $3,492,794.83. This represents a 5.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Spire Global Trading Up 2.5 %

NYSE:SPIR opened at $15.98 on Friday. Spire Global, Inc. has a 52 week low of $4.71 and a 52 week high of $19.40. The firm has a 50-day moving average price of $10.65 and a two-hundred day moving average price of $10.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $388.60 million, a price-to-earnings ratio of -4.59 and a beta of 1.96.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Finally, Robert W. Baird lifted their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.60.

Institutional Trading of Spire Global

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pathway Financial Advisers LLC bought a new position in Spire Global in the 1st quarter valued at $27,000. nVerses Capital LLC purchased a new position in shares of Spire Global in the 2nd quarter worth about $37,000. Quest Partners LLC increased its holdings in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Spire Global during the second quarter worth about $106,000. Finally, MetLife Investment Management LLC bought a new stake in Spire Global in the third quarter worth about $136,000. 19.97% of the stock is owned by hedge funds and other 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.