Insider Selling: Spire Global, Inc. (NYSE:SPIR) CFO Sells 14,228 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 14,228 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 222,251 shares in the company, valued at approximately $2,504,768.77. This trade represents a 6.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Spire Global Stock Performance

Shares of Spire Global stock opened at $11.04 on Thursday. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43. The company has a market cap of $268.52 million, a price-to-earnings ratio of -3.17 and a beta of 2.27. The business’s 50 day moving average price is $15.17 and its 200 day moving average price is $12.35.

Analyst Ratings Changes

SPIR has been the topic of several research reports. Alliance Global Partners raised their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Robert W. Baird raised their target price on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their target price on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire Global currently has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Hedge Funds Weigh In On Spire Global

A number of institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC purchased a new position in Spire Global during the fourth quarter worth approximately $397,000. Two Sigma Investments LP increased its stake in Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock worth $535,000 after acquiring an additional 1,550 shares during the last quarter. Shay Capital LLC acquired a new stake in Spire Global during the fourth quarter worth $410,000. Numerai GP LLC acquired a new stake in Spire Global during the fourth quarter worth $234,000. Finally, Granahan Investment Management LLC acquired a new stake in Spire Global during the fourth quarter worth $1,774,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.