Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola Sells 14,228 Shares

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 14,228 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $160,349.56. Following the completion of the sale, the chief financial officer now directly owns 222,251 shares of the company’s stock, valued at $2,504,768.77. The trade was a 6.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Spire Global Stock Up 1.2 %

SPIR opened at $11.28 on Wednesday. The business has a 50 day moving average price of $15.20 and a two-hundred day moving average price of $12.36. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The company has a market cap of $274.26 million, a PE ratio of -3.24 and a beta of 2.27.

Hedge Funds Weigh In On Spire Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after purchasing an additional 64,632 shares during the period. Geode Capital Management LLC increased its position in Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after purchasing an additional 3,551 shares during the period. State Street Corp increased its position in Spire Global by 53.1% during the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after purchasing an additional 148,803 shares during the period. Stifel Financial Corp increased its position in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares during the period. Finally, Northern Trust Corp increased its position in Spire Global by 6.4% during the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analysts Set New Price Targets

SPIR has been the subject of several research reports. Robert W. Baird boosted their target price on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Alliance Global Partners upped their price objective on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price objective on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Finally, Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and upped their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and a consensus target price 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.