Robert W. Baird Issues Positive Forecast for Spire Global (NYSE:SPIR) Stock Price

Spire Global (NYSE:SPIR) had its price objective boosted by Robert W. Baird from $11.00 to $13.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Robert W. Baird currently has a neutral rating on the stock.

Other research analysts also recently issued research reports about the stock. Canaccord Genuity Group raised their target price on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Alliance Global Partners raised their target price 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. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.40.

Spire Global Stock Performance

NYSE SPIR opened at $11.05 on Wednesday. The company has a market capitalization of $268.81 million, a price-to-earnings ratio of -3.18 and a beta of 2.27. The company’s 50-day simple moving average is $14.92 and its two-hundred day simple moving average is $12.41. Spire Global has a one year low of $6.26 and a one year high of $21.43.

Insider Transactions at Spire Global

In related news, CEO Theresa Condor sold 17,979 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the sale, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. This trade represents a 4.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global 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 $127,396.08. Following the completion of the sale, the chief accounting officer now owns 300,304 shares of the company’s stock, 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 have sold a total of 94,857 shares of company stock valued at $1,069,038 in the last 90 days. Insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in Spire Global in the 4th quarter worth approximately $397,000. Two Sigma Investments LP lifted its stake in Spire Global by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after acquiring an additional 1,550 shares during the period. Shay Capital LLC acquired a new stake in Spire Global during the 4th quarter valued at approximately $410,000. Numerai GP LLC acquired a new stake in Spire Global during the 4th quarter valued at approximately $234,000. Finally, Granahan Investment Management LLC acquired a new stake in Spire Global during the 4th quarter valued at approximately $1,774,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.