Spire Global (NYSE:SPIR – Free Report) had its price target lowered by Canaccord Genuity Group from $15.00 to $14.50 in a research note issued to investors on Friday morning,Benzinga reports. Canaccord Genuity Group currently has a buy rating on the stock.
SPIR has been the topic of a number of other reports. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Robert W. Baird raised their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Finally, Alliance Global Partners raised their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and an average price target of $18.30.
View Our Latest Research Report on Spire Global
Spire Global Stock Performance
Insider Buying and Selling at Spire Global
In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Peter Platzer sold 51,346 shares of Spire Global stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $578,669.42. Following the completion of the sale, the chairman now owns 1,840,357 shares in the company, valued at $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 240,457 shares of company stock worth $2,580,366. Insiders own 17.11% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of Spire Global in the 4th quarter valued at about $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global in the 4th quarter valued at about $42,000. Quest Partners LLC grew its position in shares of Spire Global by 869,900.0% in the 3rd 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 during the period. Promus Capital LLC bought a new position in shares of Spire Global in the 4th quarter valued at about $135,000. Finally, JPMorgan Chase & Co. grew its position in shares of Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after acquiring an additional 597 shares during the period. Institutional investors own 19.97% of the company’s stock.
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.
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