Spire Global, Inc. (NYSE:SPIR) CAO Sells $127,396.08 in Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now owns 300,304 shares in the company, valued at $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Spire Global Price Performance

Shares of SPIR stock traded up $0.14 during mid-day trading on Tuesday, hitting $11.28. 562,976 shares of the stock traded hands, compared to its average volume of 726,327. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43. The stock has a market cap of $274.28 million, a P/E ratio of -3.24 and a beta of 2.27. The stock’s fifty day moving average is $15.25 and its two-hundred day moving average is $12.35.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Spire Global in the fourth quarter worth $37,000. BNP Paribas Financial Markets purchased a new stake in shares of Spire Global during the 4th quarter valued at $42,000. Quest Partners LLC boosted its position in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after purchasing an additional 8,699 shares in the last quarter. Sanctuary Advisors LLC grew its stake in Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after buying an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in Spire Global during the 4th quarter valued at about $135,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.