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

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 17,979 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 $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares of the company’s stock, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Spire Global Trading Up 1.2 %

NYSE:SPIR opened at $11.28 on Wednesday. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The company has a market cap of $274.26 million, a price-to-earnings ratio of -3.24 and a beta of 2.27. The stock has a fifty day simple moving average of $15.20 and a 200-day simple moving average of $12.36.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SPIR shares. Robert W. Baird raised 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. Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group raised their price target on Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and raised their price target for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $19.80.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently made changes to their positions in SPIR. SBI Securities Co. Ltd. bought a new stake in shares of Spire Global during the fourth quarter worth $37,000. BNP Paribas Financial Markets bought a new stake in shares of Spire Global during the fourth quarter worth $42,000. Quest Partners LLC increased its stake in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the period. Sanctuary Advisors LLC increased its stake in shares of Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares during the period. Finally, Promus Capital LLC purchased a new position in shares of Spire Global during the fourth quarter valued at $135,000. 19.97% of the stock is currently owned by institutional investors.

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.