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

Spire Global, Inc. (NYSE:SPIR - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the seven analysts that are presently covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $18.20.

Several equities research analysts recently issued reports on the stock. Canaccord Genuity Group raised their target price on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Stifel Nicolaus decreased their price target on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Robert W. Baird increased their price target on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th.

Spire Global Trading Down 0.3%

Shares of SPIR stock opened at $11.66 on Wednesday. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43. The firm's 50 day moving average is $9.25 and its 200 day moving average is $12.45. The stock has a market capitalization of $362.36 million, a P/E ratio of -3.35 and a beta of 2.39.

Insider Activity

In other news, CEO Theresa Condor sold 17,979 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the sale, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. This trade represents a 4.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the firm's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares in the company, valued at $3,384,426.08. The trade was a 3.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 295,314 shares of company stock worth $3,069,869 in the last three months. Company insiders own 17.11% of the company's stock.

Institutional Trading of Spire Global

Several institutional investors and hedge funds have recently modified their holdings of SPIR. 325 Capital LLC bought a new stake in shares of Spire Global during the 1st quarter valued at $15,169,000. Alyeska Investment Group L.P. bought a new stake in Spire Global in the 1st quarter valued at $10,056,000. Granahan Investment Management LLC increased its holdings in Spire Global by 803.6% in the 1st quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company's stock valued at $9,216,000 after acquiring an additional 1,013,106 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Spire Global by 538.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company's stock valued at $5,275,000 after acquiring an additional 549,972 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in Spire Global in the 4th quarter valued at $1,902,000. 19.97% of the stock is currently owned by institutional investors.

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.

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