Spire Global (NYSE:SPIR) Given New $18.00 Price Target at Stifel Nicolaus

Spire Global (NYSE:SPIR) had its target price cut by Stifel Nicolaus from $20.00 to $18.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Robert W. Baird cut their target price on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday. Canaccord Genuity Group cut their price objective on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and an average price target of $17.50.

Spire Global Stock Down 1.0 %

Shares of SPIR stock opened at $8.01 on Tuesday. The stock has a fifty day moving average of $12.72 and a 200 day moving average of $12.56. The firm has a market capitalization of $206.16 million, a price-to-earnings ratio of -2.30 and a beta of 2.34. Spire Global has a 52 week low of $6.26 and a 52 week high of $21.43.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 51,346 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the completion of the transaction, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,021 shares of company stock valued at $2,816,590 in the last three months. Company insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Several institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in Spire Global during the 4th quarter valued at $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global during the fourth quarter valued at $42,000. Promus Capital LLC purchased a new stake in shares of Spire Global during the fourth quarter valued at $135,000. JPMorgan Chase & Co. increased its holdings in Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after buying an additional 597 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Spire Global by 50.8% in the 4th quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock worth $148,000 after buying an additional 3,553 shares during the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.