Insider Selling: Spire Global, Inc. (NYSE:SPIR) CAO Sells $182,749.21 in Stock

Spire Global, Inc. (NYSE:SPIR) CAO Boyd C. Johnson sold 12,373 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Spire Global Trading Up 2.5 %

Shares of SPIR opened at $15.98 on Monday. Spire Global, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $19.40. The firm has a 50-day simple moving average of $10.65 and a 200-day simple moving average of $10.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. boosted its holdings in Spire Global by 225.5% in the 1st quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock valued at $853,000 after purchasing an additional 49,258 shares in the last quarter. Vanguard Group Inc. increased its position 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 purchasing an additional 144,047 shares in the last quarter. Ancora Advisors LLC raised 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 buying an additional 267,197 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in shares of Spire Global during the 1st quarter worth $27,000. Finally, DNB Asset Management AS lifted its position in Spire Global by 117.5% during the second quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock worth $1,145,000 after buying an additional 57,137 shares during the period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several recent analyst reports. Canaccord Genuity Group upped their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Alliance Global Partners increased their price objective on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their price target on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.60.

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.