Spire Global, Inc. (NYSE:SPIR) COO Sells $259,833.84 in Stock

Spire Global, Inc. (NYSE:SPIR) COO Theresa Condor sold 17,592 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief operating officer now owns 377,152 shares in the company, valued at $5,570,535.04. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Spire Global Trading Up 2.5 %

NYSE:SPIR opened at $15.98 on Monday. Spire Global, Inc. has a 12 month low of $4.71 and a 12 month high of $19.40. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The firm’s 50 day moving average is $10.65 and its 200 day moving average is $10.40.

Institutional Trading of Spire Global

Several hedge funds have recently made changes to their positions in SPIR. Pathway Financial Advisers LLC purchased a new stake in Spire Global in the 1st quarter worth about $27,000. nVerses Capital LLC purchased a new position in shares of Spire Global in the second quarter worth about $37,000. Quest Partners LLC raised its position 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 purchasing an additional 8,699 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Spire Global during the 2nd quarter valued at approximately $106,000. Finally, MetLife Investment Management LLC bought a new position in Spire Global in the 3rd quarter worth approximately $136,000. 19.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on SPIR. Canaccord Genuity Group raised their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Alliance Global Partners raised their price target on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Robert W. Baird lifted their target price on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. 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 an average rating of “Moderate Buy” and an average price target 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.