Spire Global Sees Unusually High Options Volume (NYSE:SPIR)

Spire Global, Inc. (NYSE:SPIR) saw unusually large options trading on Tuesday. Stock investors acquired 2,622 call options on the stock. This is an increase of approximately 92% compared to the average daily volume of 1,369 call options.

Insider Transactions at Spire Global

In other Spire Global news, 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 transaction, the chief executive officer now owns 359,173 shares in the company, valued at $4,047,879.71. This represents a 4.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares in the company, valued at $3,384,426.08. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 268,021 shares of company stock valued at $2,816,590 over the last quarter. Company insiders own 17.11% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Spire Global during the 4th quarter worth $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global during the 4th quarter valued at about $42,000. Sanctuary Advisors LLC grew its position in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after purchasing an additional 1,700 shares during the last quarter. Promus Capital LLC bought a new position in Spire Global in the 4th quarter worth about $135,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after purchasing an additional 597 shares during the period. 19.97% of the stock is owned by institutional investors.

Spire Global Stock Performance

Shares of NYSE SPIR traded down $0.04 during midday trading on Tuesday, hitting $9.16. The company’s stock had a trading volume of 328,119 shares, compared to its average volume of 470,305. Spire Global has a 1-year low of $6.26 and a 1-year high of $21.43. The firm’s fifty day moving average price is $10.56 and its 200-day moving average price is $12.43. The firm has a market cap of $283.66 million, a P/E ratio of -2.63 and a beta of 2.42.

Analyst Ratings Changes

A number of equities analysts have issued reports on SPIR shares. Robert W. Baird cut their target price on Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 1st. Canaccord Genuity Group upped their price target on shares of Spire Global from $14.50 to $15.50 and gave the company a “buy” rating in a report on Thursday, April 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Spire Global presently has an average rating of “Moderate Buy” and a consensus target price of $17.70.

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.