Spire Global (NYSE:SPIR) Price Target Raised to $16.00

Spire Global (NYSE:SPIR) had its price target raised by Canaccord Genuity Group from $15.50 to $16.00 in a research note issued to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts have also weighed in on the stock. Robert W. Baird lowered their price target on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus lowered their target price 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

Spire Global Stock Up 2.5 %

Shares of NYSE SPIR opened at $9.63 on Tuesday. Spire Global has a 12-month low of $6.26 and a 12-month high of $21.43. The firm’s 50-day simple moving average is $9.31 and its 200 day simple moving average is $12.36. The company has a market cap of $298.18 million, a price-to-earnings ratio of -2.77 and a beta of 2.42.

Insider Buying and Selling

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

Institutional Investors Weigh In On Spire Global

Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after purchasing an additional 64,632 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in Spire Global by 538.7% in the 1st quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company’s stock valued at $5,275,000 after buying an additional 549,972 shares during the last quarter. Geode Capital Management LLC lifted its stake in Spire Global by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock valued at $7,172,000 after acquiring an additional 3,551 shares in the last quarter. Northern Trust Corp lifted its stake in Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock valued at $2,651,000 after acquiring an additional 11,373 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Spire Global during the 4th quarter worth approximately $1,902,000. 19.97% of the stock is owned by 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.