Spire Global (NYSE:SPIR) Given New $11.00 Price Target at Robert W. Baird

Spire Global (NYSE:SPIR) had its target price decreased by Robert W. Baird from $13.00 to $11.00 in a research note published on Tuesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Separately, Canaccord Genuity Group lowered their target price on Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.50.

Spire Global Trading Down 1.0 %

NYSE:SPIR opened at $8.01 on Tuesday. The business’s 50-day moving average is $12.72 and its 200 day moving average is $12.56. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market capitalization of $206.16 million, a P/E ratio of -2.30 and a beta of 2.34.

Insider Buying and Selling at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the transaction, the chief accounting officer now owns 300,304 shares in the company, valued at $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Peter Platzer sold 27,564 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the completion of the sale, the chairman now directly owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,021 shares of company stock worth $2,816,590 over the last ninety days. Company insiders own 17.11% of the company’s stock.

Institutional Inflows and Outflows

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