Spire Global, Inc. (NYSE:SPIR) CFO Sells $196,116.06 in Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 13,278 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the completion of the sale, the chief financial officer now directly owns 236,479 shares of the company’s stock, valued at approximately $3,492,794.83. The trade was a 5.32 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Spire Global Stock Performance

Shares of Spire Global stock traded up $0.39 during trading on Friday, reaching $15.98. The company’s stock had a trading volume of 515,603 shares, compared to its average volume of 418,221. Spire Global, Inc. has a one year low of $4.71 and a one year high of $19.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. The firm has a market cap of $388.63 million, a price-to-earnings ratio of -4.59 and a beta of 1.96. The business’s fifty day moving average price is $10.51 and its 200-day moving average price is $10.37.

Analysts Set New Price Targets

Several analysts have commented on SPIR shares. Raymond James reissued a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. 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 report on Thursday, November 14th. Robert W. Baird upped their price target on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group increased their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Spire Global by 23.1% in the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after buying an additional 144,047 shares during the period. Russell Investments Group Ltd. raised its holdings in Spire Global by 225.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock valued at $853,000 after acquiring an additional 49,258 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Spire Global in the 3rd quarter worth approximately $629,000. NewGen Asset Management Ltd grew its holdings in shares of Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after purchasing an additional 325,000 shares in the last quarter. Finally, DNB Asset Management AS increased its position in shares of Spire Global by 117.5% during the second quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after purchasing an additional 57,137 shares during the period. 19.97% of the stock is owned by 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.