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

Key Points

• Spire Global, Inc. has garnered a consensus rating of "Moderate Buy" from five analysts, with an average target price of $18.20.
• Insiders have recently sold significant amounts of stock, including Director Stephen Messer and Chairman Peter Platzer, representing decreases of 16.88% and 7.46% in their respective holdings.
• JPMorgan Chase and Wells Fargo increased their stakes in Spire Global in the fourth quarter, indicating renewed interest from institutional investors.

Shares of Spire Global, Inc. (NYSE:SPIR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $18.20.

Separately, Robert W. Baird increased their price objective on Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th.

Insider Buying and Selling at Spire Global

In related news, Director Stephen Messer sold 16,660 shares of Spire Global stock in a transaction on Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the sale, the director owned 82,062 shares of the company's stock, valued at approximately $890,372.70. This trade represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter Platzer sold 20,799 shares of the business's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $10.92, for a total transaction of $227,125.08. Following the completion of the transaction, the chairman directly owned 1,593,400 shares of the company's stock, valued at approximately $17,399,928. This represents a 1.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 193,557 shares of company stock valued at $2,259,464 in the last three months. 14.68% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its stake in Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after buying an additional 597 shares in the last quarter. BNP Paribas Financial Markets grew its stake in Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Two Sigma Investments LP grew its stake in Spire Global by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock worth $535,000 after buying an additional 1,550 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Spire Global by 12.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company's stock worth $179,000 after buying an additional 1,695 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after buying an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Spire Global Stock Performance

NYSE SPIR traded down $0.04 on Friday, hitting $9.07. The stock had a trading volume of 289,345 shares, compared to its average volume of 579,458. The firm has a 50-day moving average of $10.50 and a 200-day moving average of $10.21. Spire Global has a 52-week low of $6.85 and a 52-week high of $21.43. The company has a market capitalization of $281.80 million, a price-to-earnings ratio of -2.61 and a beta of 2.38.

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.