Spire Global, Inc. (NYSE:SPIR) Given Average Rating of “Moderate Buy” by Analysts

Spire Global, Inc. (NYSE:SPIR) has received a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.30.

A number of research analysts have commented on the company. Canaccord Genuity Group lowered their price target on Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Robert W. Baird raised their price target on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th.

Insider Activity at Spire Global

In other news, CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at $3,384,426.08. The trade was a 3.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theresa Condor sold 17,979 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares in the company, valued at $4,047,879.71. The trade was a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 268,021 shares of company stock worth $2,816,590 over the last ninety days. 17.11% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Spire Global

Hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. MetLife Investment Management LLC purchased a new position in Spire Global in the third quarter worth about $136,000. Stifel Financial Corp lifted its stake in shares of Spire Global by 45.7% in 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. 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 valued at $4,284,000 after buying an additional 148,803 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Spire Global by 96.4% during the third quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock valued at $554,000 after acquiring an additional 27,219 shares in the last quarter. 19.97% of the stock is owned by institutional investors.

Spire Global Trading Down 1.0 %

Shares of NYSE:SPIR opened at $8.11 on Tuesday. The company has a 50-day moving average price of $12.92 and a 200-day moving average price of $12.57. The company has a market cap of $208.71 million, a price-to-earnings ratio of -2.33 and a beta of 2.34. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43.

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.