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 firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the sale, the chief executive officer now directly owns 359,173 shares of the company’s stock, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Spire Global Stock Up 2.6 %

Shares of NYSE:SPIR opened at $11.34 on Friday. The firm has a market capitalization of $275.77 million, a PE ratio of -3.26 and a beta of 2.27. The company has a 50-day moving average price of $15.15 and a two-hundred day moving average price of $12.34. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43.

Analyst Ratings Changes

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

Institutional Trading of Spire Global

A number of institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. purchased a new position in Spire Global in the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global in the fourth quarter worth $42,000. Quest Partners LLC grew its position 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 valued at $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC raised its stake in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after purchasing an additional 1,700 shares during the period. Finally, Promus Capital LLC purchased a new stake in Spire Global during the 4th quarter worth about $135,000. 19.97% of the stock is currently 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.