Spire Global (NYSE:SPIR) Price Target Raised to $19.00 at Stifel Nicolaus

Spire Global (NYSE:SPIR) had its target price upped by Stifel Nicolaus from $16.00 to $19.00 in a research note released on Monday morning, Marketbeat.com reports. Stifel Nicolaus currently has a buy rating on the stock.

A number of other equities analysts also recently commented on SPIR. Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research note on Friday, April 10th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday. HC Wainwright reaffirmed a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Finally, Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.17.

Spire Global Trading Down 0.4%

NYSE:SPIR opened at $16.45 on Monday. The company’s 50-day moving average price is $13.49 and its 200-day moving average price is $11.11. The company has a market cap of $551.64 million, a P/E ratio of 10.41 and a beta of 2.23. Spire Global has a twelve month low of $6.60 and a twelve month high of $23.59.

Insider Activity

In other Spire Global news, CTO Johann Gabriel Oehme sold 12,757 shares of Spire Global stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $108,817.21. Following the transaction, the chief technology officer directly owned 221,203 shares of the company’s stock, valued at $1,886,861.59. The trade was a 5.45% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $355,803.36. Following the completion of the sale, the chief executive officer directly owned 1,116,581 shares in the company, valued at $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,033 shares of company stock valued at $1,219,760 over the last three months. 13.04% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. ARS Investment Partners LLC raised its stake in shares of Spire Global by 2.6% in the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after acquiring an additional 785 shares during the period. Atlantic Private Wealth LLC raised its stake in shares of Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Spire Global by 12.7% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after acquiring an additional 1,695 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after acquiring an additional 1,699 shares during the period. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.