Spire Global, Inc. (NYSE:SPIR) Director Sells $180,761.00 in Stock

Spire Global, Inc. (NYSE:SPIR) Director Stephen Messer sold 16,660 shares of the company’s stock in a transaction on Friday, June 13th. The shares were sold at an average price of $10.85, for a total transaction of $180,761.00. Following the sale, the director now owns 82,062 shares of the company’s stock, valued at $890,372.70. This represents a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Spire Global Trading Down 5.3%

NYSE:SPIR opened at $10.91 on Monday. The company has a 50-day moving average price of $10.21 and a 200-day moving average price of $12.14. The stock has a market cap of $338.93 million, a price-to-earnings ratio of -3.13 and a beta of 2.38. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SPIR shares. Robert W. Baird raised their price target on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Canaccord Genuity Group raised their target price on Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus reduced their price target on Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.20.

Institutional Trading of Spire Global

Large investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Spire Global in the 4th quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new position in Spire Global in the fourth quarter worth $42,000. Murchinson Ltd. purchased a new position in Spire Global during the first quarter valued at $81,000. Johnson Investment Counsel Inc. bought a new stake in shares of Spire Global during the 1st quarter valued at $99,000. Finally, Deutsche Bank AG grew its position in shares of Spire Global by 22.0% in the 1st quarter. Deutsche Bank AG now owns 14,143 shares of the company’s stock worth $114,000 after buying an additional 2,554 shares during the period. 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.