Spire Global (NYSE:SPIR) Price Target Raised to $24.00

Spire Global (NYSE:SPIR) had its price target increased by Canaccord Genuity Group from $18.00 to $24.00 in a report published on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Alliance Global Partners raised their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird raised their target price 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and an average price target of $20.80.

Spire Global Stock Up 13.0 %

Shares of Spire Global stock opened at $11.44 on Tuesday. The firm has a market capitalization of $278.10 million, a P/E ratio of -3.29 and a beta of 2.27. Spire Global has a 52 week low of $6.26 and a 52 week high of $21.43. The firm’s 50 day moving average is $15.63 and its two-hundred day moving average is $12.37.

Insider Buying and Selling at Spire Global

In other news, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares of the company’s stock, valued at $5,570,535.04. The trade was a 4.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $196,116.06. Following the transaction, the chief financial officer now directly owns 236,479 shares of the company’s stock, valued at $3,492,794.83. This trade represents a 5.32 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP acquired a new position in shares of Spire Global during the 4th quarter worth $393,000. EAM Investors LLC purchased a new stake in Spire Global during the 4th quarter worth about $700,000. Barclays PLC increased its position in Spire Global by 10.8% during the 4th quarter. Barclays PLC now owns 35,325 shares of the company’s stock worth $497,000 after purchasing an additional 3,450 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new stake in Spire Global during the 4th quarter worth about $336,000. Finally, Raymond James Financial Inc. purchased a new stake in Spire Global during the 4th quarter worth about $1,902,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.