Stock Traders Buy High Volume of Call Options on Spire Global (NYSE:SPIR)

Spire Global, Inc. (NYSE:SPIR - Get Free Report) saw unusually large options trading on Tuesday. Traders bought 2,622 call options on the company. This is an increase of 92% compared to the typical daily volume of 1,369 call options.

Insider Buying and Selling

In other Spire Global news, Chairman Peter Platzer sold 27,293 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total value of $253,279.04. Following the sale, the chairman now owns 1,588,609 shares in the company, valued at $14,742,291.52. The trade was a 1.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the transaction, the chief accounting officer now owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,314 shares of company stock valued at $3,069,869. Corporate insiders own 17.11% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Spire Global in the fourth quarter worth $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global during the 4th quarter valued at about $42,000. Sanctuary Advisors LLC raised its stake in Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after buying an additional 1,700 shares during the last quarter. Promus Capital LLC acquired a new stake in Spire Global in the fourth quarter worth about $135,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock valued at $147,000 after acquiring an additional 597 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Spire Global Trading Down 3.6 %

Shares of SPIR traded down $0.32 during trading hours on Friday, reaching $8.56. 559,245 shares of the company traded hands, compared to its average volume of 472,754. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43. The stock's fifty day moving average price is $9.69 and its 200 day moving average price is $12.38. The firm has a market cap of $265.05 million, a price-to-earnings ratio of -2.46 and a beta of 2.42.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SPIR shares. Canaccord Genuity Group raised their target price on shares of Spire Global from $14.50 to $15.50 and gave the company a "buy" rating in a report on Thursday, April 10th. Stifel Nicolaus decreased their target price 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 reduced their price objective 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.70.

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.