Spire Global (NYSE:SPIR - Get Free Report) had its price objective upped by investment analysts at Canaccord Genuity Group from $15.50 to $16.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's price target indicates a potential upside of 64.95% from the company's current price.
Several other equities research analysts have also recently weighed in on the company. Stifel Nicolaus decreased their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Robert W. Baird decreased their target price on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $17.80.
Read Our Latest Stock Report on SPIR
Spire Global Stock Up 1.0 %
Shares of NYSE SPIR traded up $0.10 during midday trading on Tuesday, reaching $9.70. 461,700 shares of the company were exchanged, compared to its average volume of 490,293. Spire Global has a one year low of $6.26 and a one year high of $21.43. The stock has a market cap of $300.38 million, a P/E ratio of -2.79 and a beta of 2.42. The stock's 50-day moving average price is $9.28 and its 200-day moving average price is $12.38.
Insider Buying and Selling at Spire Global
In other Spire Global news, Chairman Peter Platzer sold 51,346 shares of the firm's 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 sale, the chairman now owns 1,840,357 shares in the company, valued at $20,740,823.39. This trade represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Leonardo Basola sold 14,228 shares of the business's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $160,349.56. Following the completion of the sale, the chief financial officer now owns 222,251 shares of the company's stock, valued at $2,504,768.77. The trade was a 6.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 in the last quarter. 17.11% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Nkcfo LLC bought a new stake in shares of Spire Global during the 4th quarter valued at about $774,000. Geode Capital Management LLC grew its holdings in shares of Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after acquiring an additional 41,612 shares during the period. Vanguard Group Inc. raised its position in shares of Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after acquiring an additional 64,632 shares in the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Spire Global by 62.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock valued at $1,436,000 after purchasing an additional 39,175 shares during the period. Finally, Barclays PLC boosted its position in shares of Spire Global by 321.5% during the third quarter. Barclays PLC now owns 31,875 shares of the company's stock valued at $318,000 after purchasing an additional 24,312 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.
Spire Global Company Profile
(
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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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