Theresa Condor Sells 17,592 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Spire Global Stock Performance

Shares of Spire Global stock opened at $15.98 on Friday. The business has a 50-day simple moving average of $10.65 and a 200 day simple moving average of $10.40. The firm has a market capitalization of $388.60 million, a price-to-earnings ratio of -4.59 and a beta of 1.96. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. Spire Global, Inc. has a one year low of $4.71 and a one year high of $19.40.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in Spire Global in the 1st quarter valued at $27,000. nVerses Capital LLC bought a new position in shares of Spire Global in the second quarter valued at $37,000. Quest Partners LLC grew its holdings in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Spire Global during the second quarter worth about $106,000. Finally, MetLife Investment Management LLC acquired a new stake in shares of Spire Global in the 3rd quarter worth about $136,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group increased their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Raymond James reissued a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Robert W. Baird upped their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Finally, Alliance Global Partners boosted their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three equities research 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, the stock has a consensus rating of “Moderate Buy” and a consensus 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.