Spire Global, Inc. (NYSE:SPIR) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Spire Global, Inc. has been rated with a "Moderate Buy" by five analysts, with four recommending a buy and one a hold, reflecting positive outlook on the stock.
• The average twelve-month price target for Spire Global is $18.20, which is significantly higher than its current trading price of around $11.43.
• Insider trading activity includes Chairman Peter Platzer selling 130,191 shares, which represented a 7.46% decrease in his ownership, indicating potential profit-taking by executives.

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have received an average recommendation of "Moderate Buy" from the five ratings firms that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $18.20.

Spire Global Stock Performance

Shares of SPIR stock opened at $11.43 on Tuesday. The stock's 50-day moving average is $9.91 and its two-hundred day moving average is $10.00. The firm has a market cap of $355.09 million, a price-to-earnings ratio of -3.28 and a beta of 2.38. Spire Global has a 1 year low of $6.85 and a 1 year high of $21.43.

Insider Activity

In other news, Chairman Peter Platzer sold 130,191 shares of the stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $12.25, for a total transaction of $1,594,839.75. Following the completion of the sale, the chairman owned 1,614,199 shares in the company, valued at approximately $19,773,937.75. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.68% of the company's stock.

Institutional Investors Weigh In On Spire Global

A number of hedge funds have recently added to or reduced their stakes in SPIR. Osaic Holdings Inc. acquired a new stake in Spire Global in the second quarter valued at about $25,000. BNP Paribas Financial Markets boosted its stake in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after acquiring an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after acquiring an additional 1,699 shares in the last quarter. AlphaQuest LLC boosted its stake in shares of Spire Global by 99.1% during the 2nd quarter. AlphaQuest LLC now owns 4,550 shares of the company's stock worth $54,000 after acquiring an additional 2,265 shares in the last quarter. Finally, Murchinson Ltd. purchased a new stake in shares of Spire Global during the 1st quarter worth approximately $81,000. Institutional investors and hedge funds own 19.97% of the company's stock.

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.

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