Analysts Set Spire Global, Inc. (NYSE:SPIR) PT at $19.60

Spire Global, Inc. (NYSE:SPIR) has earned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.60.

Several brokerages have commented on SPIR. Robert W. Baird boosted their price target on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th.

Spire Global Price Performance

Spire Global stock opened at $19.11 on Thursday. The firm’s 50 day moving average price is $14.60 and its 200-day moving average price is $11.77. Spire Global has a 1 year low of $6.26 and a 1 year high of $19.50. The stock has a market cap of $464.79 million, a P/E ratio of -5.49 and a beta of 2.24.

Insiders Place Their Bets

In other news, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. This represents a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Peter Platzer sold 50,238 shares of Spire Global stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now directly owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock valued at $1,380,714 over the last ninety days. 17.11% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd purchased a new position in Spire Global during the 3rd quarter valued at $392,000. Geode Capital Management LLC boosted its stake in shares of Spire Global by 9.0% during the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after purchasing an additional 41,612 shares during the period. Harbor Capital Advisors Inc. bought a new position in shares of Spire Global in the third quarter worth about $629,000. Stifel Financial Corp grew its stake in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after acquiring an additional 76,119 shares in the last quarter. Finally, Barclays PLC increased its holdings in Spire Global by 321.5% during the 3rd quarter. Barclays PLC now owns 31,875 shares of the company’s stock worth $318,000 after purchasing an additional 24,312 shares during the period. Institutional investors own 19.97% of the company’s stock.

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.