Insider Selling: Spire Global, Inc. (NYSE:SPIR) CAO Sells 12,373 Shares of Stock

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

Spire Global Stock Performance

Shares of SPIR opened at $15.98 on Monday. 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 12 month low of $4.71 and a 12 month high of $19.40. The company’s fifty day moving average is $10.65 and its 200-day moving average is $10.40.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently bought and sold shares of the stock. Pathway Financial Advisers LLC bought a new stake in shares of Spire Global during the 1st quarter worth about $27,000. nVerses Capital LLC acquired a new stake in Spire Global in the 2nd quarter worth approximately $37,000. Quest Partners LLC boosted its position in Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after purchasing an additional 8,699 shares during the period. Sanctuary Advisors LLC acquired a new position in Spire Global during the second quarter valued at approximately $106,000. Finally, MetLife Investment Management LLC bought a new position in shares of Spire Global in the third quarter valued at approximately $136,000. 19.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SPIR has been the subject of a number of recent research reports. Robert W. Baird boosted their price objective on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Canaccord Genuity Group lifted their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $19.60.

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.