Boyd C. Johnson Sells 11,304 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Spire Global Stock Performance

SPIR opened at $11.04 on Thursday. The company has a 50-day moving average of $15.17 and a 200-day moving average of $12.35. The company has a market capitalization of $268.52 million, a P/E ratio of -3.17 and a beta of 2.27. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year high of $21.43.

Institutional Investors Weigh In On Spire Global

Several hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Spire Global during the 4th quarter valued at about $37,000. BNP Paribas Financial Markets bought a new stake in shares of Spire Global during the 4th quarter valued at about $42,000. Quest Partners LLC grew its position in shares of Spire Global by 869,900.0% during the 3rd 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 last quarter. Promus Capital LLC bought a new stake in shares of Spire Global during the 4th quarter valued at about $135,000. Finally, JPMorgan Chase & Co. grew its position in shares of Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPIR. Robert W. Baird lifted their price target on shares of Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group lifted their price target on shares of Spire Global from $18.00 to $24.00 and gave the stock 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 lifted their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Alliance Global Partners boosted their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average 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.