Spire Global (NYSE:SPIR) Price Target Lowered to $18.00 at Stifel Nicolaus

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

SPIR has been the subject of several other reports. Canaccord Genuity Group reduced their price target 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. Robert W. Baird reduced their target price on Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $17.50.

Spire Global Trading Down 1.0 %

SPIR opened at $8.01 on Tuesday. Spire Global has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market cap of $206.16 million, a PE ratio of -2.30 and a beta of 2.34. The company has a 50 day moving average of $12.72 and a 200 day moving average of $12.56.

Insider Activity at Spire Global

In related news, CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the transaction, the chief accounting officer now directly owns 300,304 shares of the company’s stock, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total transaction of $1,511,328.00. Following the transaction, the chairman now directly owns 1,694,757 shares in the company, valued at $17,591,577.66. This trade represents a 7.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 268,021 shares of company stock valued at $2,816,590. Company insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Several institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of Spire Global during the third quarter valued at approximately $392,000. Nkcfo LLC bought a new stake in Spire Global during the 4th quarter valued at $774,000. Geode Capital Management LLC boosted its position in Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after buying an additional 41,612 shares during the period. Stifel Financial Corp grew its holdings in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after acquiring an additional 76,119 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its position in shares of Spire Global by 62.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock valued at $1,436,000 after acquiring an additional 39,175 shares during the period. 19.97% of the stock is currently 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.