Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor Sells 17,979 Shares

Spire Global, Inc. (NYSE:SPIR) 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 transaction, the chief executive officer now directly owns 359,173 shares of the company’s stock, valued at approximately $4,047,879.71. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Spire Global Price Performance

SPIR stock traded up $0.14 during trading hours on Tuesday, reaching $11.28. The stock had a trading volume of 562,976 shares, compared to its average volume of 726,327. The stock has a market capitalization of $274.28 million, a PE ratio of -3.24 and a beta of 2.27. The stock has a 50-day simple moving average of $15.25 and a 200 day simple moving average of $12.35. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently bought and sold shares of SPIR. State Street Corp raised its stake in Spire Global by 53.1% in 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 period. Raymond James Financial Inc. bought a new stake in Spire Global in the 4th quarter valued at $1,902,000. Granahan Investment Management LLC bought a new position in Spire Global during the fourth quarter worth $1,774,000. Stifel Financial Corp boosted its position in 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 purchasing an additional 76,119 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Spire Global by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after purchasing an additional 64,632 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.