Spire Global, Inc. (NYSE:SPIR) COO Theresa Condor Sells 17,592 Shares

Spire Global, Inc. (NYSE:SPIR) COO Theresa Condor sold 17,592 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares of the company’s stock, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Spire Global Price Performance

Shares of Spire Global stock opened at $15.98 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global, Inc. has a 52-week low of $4.71 and a 52-week high of $19.40. The stock’s 50-day simple moving average is $10.65 and its 200 day simple moving average is $10.40.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SPIR. Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird lifted their price objective on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group increased their target price on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Institutional Trading of Spire Global

A number of institutional investors have recently modified their holdings of SPIR. NewGen Asset Management Ltd boosted its stake in Spire Global by 406.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock worth $4,390,000 after purchasing an additional 325,000 shares during the period. Ancora Advisors LLC boosted its position in shares of Spire Global by 429.2% in the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after acquiring an additional 267,197 shares during the period. State Street Corp grew its stake in Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after acquiring an additional 148,803 shares in the last quarter. Vanguard Group Inc. increased its holdings in Spire Global by 23.1% during the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after acquiring an additional 144,047 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after purchasing an additional 76,119 shares during the period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.