Spire Global (NYSE:SPIR - Get Free Report) had its target price hoisted by analysts at Canaccord Genuity Group from $15.50 to $16.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 66.16% from the company's current price.
Several other equities research analysts also recently weighed in on SPIR. Stifel Nicolaus decreased their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Robert W. Baird decreased their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.80.
View Our Latest Analysis on Spire Global
Spire Global Stock Up 2.5 %
Spire Global stock traded up $0.24 during mid-day trading on Tuesday, hitting $9.63. The company had a trading volume of 627,171 shares, compared to its average volume of 487,964. The business has a fifty day moving average of $9.31 and a 200 day moving average of $12.36. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The stock has a market cap of $298.18 million, a price-to-earnings ratio of -2.77 and a beta of 2.42.
Insider Buying and Selling at Spire Global
In related news, CAO Boyd C. Johnson sold 11,304 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the transaction, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Peter Platzer sold 51,346 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 295,314 shares of company stock worth $3,069,869. 17.11% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in shares of Spire Global in the fourth quarter worth $37,000. BNP Paribas Financial Markets bought a new stake in shares of Spire Global during the fourth quarter valued at approximately $42,000. Johnson Investment Counsel Inc. bought a new stake in Spire Global during the 1st quarter valued at $99,000. Sanctuary Advisors LLC lifted its holdings in Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock worth $124,000 after purchasing an additional 1,700 shares during the period. Finally, Promus Capital LLC acquired a new stake in shares of Spire Global in the 4th quarter worth approximately $135,000. Institutional investors and hedge funds own 19.97% of the company's stock.
About Spire Global
(
Get Free Report)
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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