Spire Global, Inc. (NYSE:SPIR - Get Free Report) COO Perez Celia Pelez sold 19,134 shares of the firm's stock in a transaction on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $163,213.02. Following the completion of the sale, the chief operating officer directly owned 267,776 shares of the company's stock, valued at approximately $2,284,129.28. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Spire Global Stock Up 5.3%
NYSE:SPIR opened at $8.85 on Wednesday. The firm's fifty day simple moving average is $9.89 and its 200-day simple moving average is $9.94. The stock has a market cap of $292.84 million, a PE ratio of 23.28 and a beta of 2.46. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $14.52.
Analysts Set New Price Targets
A number of research analysts have issued reports on SPIR shares. Canaccord Genuity Group dropped their target price on shares of Spire Global from $12.00 to $10.50 and set a "buy" rating for the company in a report on Monday, December 22nd. Weiss Ratings restated a "sell (d+)" rating on shares of Spire Global in a report on Monday, December 22nd. Wall Street Zen downgraded Spire Global from a "hold" rating to a "strong sell" rating in a research note on Sunday, December 21st. Stifel Nicolaus set a $14.00 target price on Spire Global and gave the stock a "buy" rating in a research report on Thursday, December 18th. Finally, Alliance Global Partners lowered Spire Global from a "buy" rating to a "neutral" rating and lowered their target price for the company from $17.00 to $9.00 in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $12.42.
Get Our Latest Stock Report on SPIR
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of SPIR. Atlantic Private Wealth LLC lifted its stake in 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 buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its position in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after buying an additional 1,260 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Spire Global by 12.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company's stock worth $179,000 after acquiring an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Spire Global by 71.2% in the second 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 in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company's stock valued at $150,000 after acquiring an additional 2,062 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.
Spire Global Company Profile
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Get Free Report)
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.
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