Spire Global (NYSE:SPIR) Price Target Lowered to $14.50 at Canaccord Genuity Group

Spire Global (NYSE:SPIR) had its price objective trimmed by Canaccord Genuity Group from $15.00 to $14.50 in a research note released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also issued reports about the stock. Alliance Global Partners upped their price target on shares of 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 shares of Spire Global from a “hold” rating to a “buy” rating and upped their price target for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Robert W. Baird upped their price target on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Spire Global has an average rating of “Moderate Buy” and an average price target of $18.30.

Spire Global Stock Down 3.0 %

NYSE SPIR opened at $8.61 on Friday. The company has a 50-day simple moving average of $14.24 and a two-hundred day simple moving average of $12.48. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43. The firm has a market cap of $221.45 million, a price-to-earnings ratio of -2.47 and a beta of 2.34.

Insider Transactions at Spire Global

In other Spire Global news, Chairman Peter Platzer sold 145,600 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the completion of the sale, the chairman now directly owns 1,694,757 shares in the company, valued at $17,591,577.66. This trade represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theresa Condor sold 17,979 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction 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 $4,047,879.71. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 240,457 shares of company stock worth $2,580,366. Company insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Institutional investors and hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Spire Global in the fourth quarter worth about $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global during the fourth quarter valued at approximately $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 purchasing an additional 8,699 shares in the last quarter. 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 purchasing an additional 1,700 shares in the last quarter. Finally, Promus Capital LLC bought a new position in shares of Spire Global during the fourth quarter valued at approximately $135,000. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.