Spire Global (NYSE:SPIR) Given New $18.00 Price Target at Stifel Nicolaus

Spire Global (NYSE:SPIR) had its target price decreased by stock analysts at Stifel Nicolaus from $20.00 to $18.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 122.22% from the stock’s current price.

Several other brokerages have also recently weighed in on SPIR. Robert W. Baird decreased their target price on Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday. Canaccord Genuity Group reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $17.50.

Spire Global Stock Performance

Shares of NYSE SPIR opened at $8.10 on Tuesday. Spire Global has a 1 year low of $6.26 and a 1 year high of $21.43. The firm has a market cap of $208.45 million, a P/E ratio of -2.33 and a beta of 2.34. The stock has a fifty day moving average price of $12.50 and a two-hundred day moving average price of $12.53.

Insider Activity

In other Spire Global news, CEO Theresa Condor sold 17,979 shares of the company’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the completion of the sale, the chief executive officer now directly owns 359,173 shares of the company’s stock, valued at approximately $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter Platzer sold 51,346 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 $578,669.42. Following the completion of the transaction, the chairman now owns 1,840,357 shares of the company’s stock, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 268,021 shares of company stock valued at $2,816,590 over the last three months. Insiders own 17.11% of the company’s stock.

Institutional Trading of Spire Global

Several large investors have recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new stake in shares of Spire Global in the third quarter worth $392,000. Nkcfo LLC acquired a new stake in Spire Global during the 4th quarter worth about $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 worth $5,057,000 after acquiring an additional 41,612 shares during the period. Stifel Financial Corp grew its stake in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after acquiring an additional 76,119 shares in the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings in shares of Spire Global by 62.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock valued at $1,436,000 after purchasing an additional 39,175 shares during the period. 19.97% of the stock is owned by institutional investors and hedge funds.

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.