Spire Global, Inc. (NYSE:SPIR) Director Sells $180,761.00 in Stock

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Director Stephen Messer sold 16,660 shares of the stock in a transaction on Friday, June 13th. The shares were sold at an average price of $10.85, for a total value of $180,761.00. Following the sale, the director now owns 82,062 shares of the company's stock, valued at approximately $890,372.70. This represents a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Spire Global Price Performance

NYSE:SPIR traded up $0.18 during mid-day trading on Monday, hitting $11.08. The company's stock had a trading volume of 570,129 shares, compared to its average volume of 507,421. The business's fifty day moving average is $10.21 and its two-hundred day moving average is $12.14. The stock has a market cap of $344.18 million, a price-to-earnings ratio of -3.18 and a beta of 2.38. 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

Hedge funds have recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Spire Global during the fourth quarter worth $37,000. BNP Paribas Financial Markets purchased a new stake in shares of Spire Global in the fourth quarter valued at approximately $42,000. Murchinson Ltd. acquired a new stake in Spire Global in the 1st quarter valued at $81,000. Johnson Investment Counsel Inc. purchased a new stake in Spire Global in the 1st quarter worth $99,000. Finally, Deutsche Bank AG lifted its stake in Spire Global by 22.0% in the 1st quarter. Deutsche Bank AG now owns 14,143 shares of the company's stock valued at $114,000 after buying an additional 2,554 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus cut their price objective on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Robert W. Baird lifted their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Finally, Canaccord Genuity Group upped their target price on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $18.20.

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.