Insider Selling: Spire Global, Inc. (NYSE:SPIR) CFO Sells 14,228 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 14,228 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $160,349.56. Following the completion of the transaction, the chief financial officer now owns 222,251 shares of the company’s stock, valued at $2,504,768.77. This represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Spire Global Stock Performance

Shares of SPIR stock opened at $11.34 on Friday. The stock’s 50-day moving average is $15.15 and its two-hundred day moving average is $12.34. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The firm has a market cap of $275.77 million, a price-to-earnings ratio of -3.26 and a beta of 2.27.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPIR. JPMorgan Chase & Co. lifted its stake in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares during the last quarter. Two Sigma Investments LP grew its position in shares of Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock worth $535,000 after acquiring an additional 1,550 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after acquiring an additional 1,700 shares during the period. Bank of New York Mellon Corp raised its position in Spire Global by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock valued at $718,000 after purchasing an additional 2,441 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in Spire Global during the 4th quarter worth $37,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.