Robert W. Baird Boosts Spire Global (NYSE:SPIR) Price Target to $13.00

Spire Global (NYSE:SPIR) had its target price increased by equities research analysts at Robert W. Baird from $11.00 to $13.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s price objective points to a potential upside of 25.22% from the company’s previous close.

SPIR has been the subject of several other reports. Alliance Global Partners increased their price objective 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. Canaccord Genuity Group raised their price target on shares of Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Finally, Craig Hallum raised shares of 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 report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $18.40.

Spire Global Stock Performance

Spire Global stock opened at $10.38 on Wednesday. The stock has a market cap of $267.18 million, a PE ratio of -2.98 and a beta of 2.34. The stock has a 50-day moving average of $14.82 and a two-hundred day moving average of $12.40. Spire Global has a one year low of $6.26 and a one year high of $21.43.

Insiders Place Their Bets

In other news, CAO Boyd C. Johnson sold 11,304 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares in the company, valued at $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the transaction, the chairman now owns 1,694,757 shares of the company’s stock, valued at approximately $17,591,577.66. This represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,457 shares of company stock valued at $2,580,366. 17.11% of the stock is owned by insiders.

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently bought and sold shares of SPIR. Squarepoint Ops LLC acquired a new position in shares of Spire Global in the 4th quarter valued at $397,000. Two Sigma Investments LP increased its holdings in Spire Global by 4.3% in the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after buying an additional 1,550 shares in the last quarter. Shay Capital LLC acquired a new position in shares of Spire Global in the fourth quarter worth about $410,000. Numerai GP LLC purchased a new stake in shares of Spire Global during the 4th quarter worth about $234,000. Finally, Granahan Investment Management LLC acquired a new stake in shares of Spire Global during the 4th quarter valued at about $1,774,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.