Insider Selling: Spire Global, Inc. (NYSE:SPIR) CFO Sells $196,116.06 in Stock

Spire Global, Inc. (NYSE:SPIR) CFO Leonardo Basola sold 13,278 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $196,116.06. Following the sale, the chief financial officer now directly owns 236,479 shares of the company’s stock, valued at approximately $3,492,794.83. This represents a 5.32 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Spire Global Price Performance

SPIR opened at $15.98 on Monday. The stock’s 50 day moving average price is $10.65 and its 200 day moving average price is $10.40. 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.

Analyst Upgrades and Downgrades

SPIR has been the subject of a number of research reports. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners increased 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. Canaccord Genuity Group raised their target price on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James restated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Institutional Inflows and Outflows

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

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.