Spire Global (NYSE:SPIR) Price Target Raised to $24.00 at Canaccord Genuity Group

Spire Global (NYSE:SPIR) had its price target boosted by Canaccord Genuity Group from $18.00 to $24.00 in a research report report published on Tuesday,Benzinga reports. They currently have a buy rating on the stock.

SPIR has been the subject of a number of other reports. Robert W. Baird upped their price target on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and a consensus target price of $20.80.

Spire Global Stock Performance

Shares of Spire Global stock opened at $19.86 on Tuesday. The stock has a market capitalization of $483.00 million, a price-to-earnings ratio of -5.71 and a beta of 2.27. The company has a fifty day moving average of $15.62 and a 200-day moving average of $12.34. Spire Global has a 52-week low of $6.26 and a 52-week high of $21.43.

Insiders Place Their Bets

In other news, COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the sale, the chief operating officer now directly owns 377,152 shares of the company’s stock, valued at $5,570,535.04. This represents a 4.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of the transaction, the chief executive officer now owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. The trade was a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,481 shares of company stock worth $1,380,714. Company insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Hedge funds have recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new position in Spire Global during the fourth quarter valued at $37,000. Quest Partners LLC raised 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 worth $87,000 after purchasing an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Spire Global in the 2nd quarter worth about $106,000. Promus Capital LLC purchased a new stake in Spire Global during the 4th quarter valued at about $135,000. Finally, MetLife Investment Management LLC bought a new stake in Spire Global during the 3rd quarter valued at about $136,000. 19.97% of the stock is owned by 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.