Spire Global (NYSE:SPIR) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Spire Global (NYSE:SPIR) had its price objective increased by Robert W. Baird from $11.00 to $13.00 in a report released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on the stock. Canaccord Genuity Group boosted their target price on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note 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. Finally, Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and boosted their target price 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 issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.40.

Spire Global Trading Up 4.1 %

Shares of NYSE SPIR opened at $11.05 on Wednesday. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a 50 day simple moving average of $14.92 and a two-hundred day simple moving average of $12.41. The stock has a market cap of $268.81 million, a price-to-earnings ratio of -3.18 and a beta of 2.27.

Insider Buying and Selling

In related news, Chairman Peter Platzer sold 51,346 shares of the business’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 $578,669.42. Following the completion of the sale, the chairman now owns 1,840,357 shares of the company’s stock, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares of the company’s stock, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 94,857 shares of company stock valued at $1,069,038. 17.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Spire Global

A number of large investors have recently modified their holdings of SPIR. State Street Corp grew its holdings in shares of Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after buying an additional 148,803 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Spire Global during the fourth quarter worth $1,902,000. Granahan Investment Management LLC purchased a new stake in shares of Spire Global during the fourth quarter worth $1,774,000. Stifel Financial Corp grew its holdings in shares of Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after buying an additional 76,119 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after buying an additional 64,632 shares in the last quarter. Hedge funds and other 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.