Spire Global, Inc. (NYSE:SPIR) CAO Sells $127,396.08 in Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Spire Global Price Performance

NYSE SPIR opened at $11.28 on Wednesday. The stock’s 50 day simple moving average is $15.20 and its 200-day simple moving average is $12.36. The company has a market cap of $274.26 million, a PE ratio of -3.24 and a beta of 2.27. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year high of $21.43.

Analyst Upgrades and Downgrades

Several research firms recently commented on SPIR. Canaccord Genuity Group raised their target price on Spire Global from $18.00 to $24.00 and gave the stock 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 price target for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird increased their price target on Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $19.80.

Institutional Trading of Spire Global

A number of institutional investors have recently made changes to their positions in SPIR. Harbor Capital Advisors Inc. acquired a new stake in shares of Spire Global in the third quarter worth approximately $629,000. Van ECK Associates Corp acquired a new stake in shares of Spire Global in the third quarter worth approximately $172,000. Quest Partners LLC boosted its stake in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Spire Global by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after acquiring an additional 3,072 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its stake in shares of Spire Global by 16.5% in the third quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after acquiring an additional 9,149 shares during the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

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.