Spire Global (NYSE:SPIR) Given New $11.00 Price Target at Robert W. Baird

Spire Global (NYSE:SPIR) had its target price lowered by Robert W. Baird from $13.00 to $11.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Robert W. Baird’s target price indicates a potential upside of 35.64% from the company’s current price.

Separately, Canaccord Genuity Group lowered their price objective on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.90.

Spire Global Stock Performance

SPIR stock opened at $8.11 on Tuesday. The stock has a market capitalization of $208.71 million, a PE ratio of -2.33 and a beta of 2.34. The company has a fifty day moving average of $12.92 and a 200-day moving average of $12.57. Spire Global has a one year low of $6.26 and a one year high of $21.43.

Insiders Place Their Bets

In other Spire Global news, CAO Boyd C. Johnson sold 11,304 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Peter Platzer sold 27,564 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total value of $236,223.48. Following the completion of the transaction, the chairman now owns 1,615,902 shares of the company’s stock, valued at approximately $13,848,280.14. This represents a 1.68 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,021 shares of company stock worth $2,816,590. 17.11% of the stock is owned by company insiders.

Institutional Investors Weigh In On Spire Global

Large investors have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Spire Global in the fourth quarter valued at about $37,000. BNP Paribas Financial Markets acquired a new position in shares of Spire Global during the 4th quarter worth approximately $42,000. Sanctuary Advisors LLC lifted its stake in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares in the last quarter. Promus Capital LLC acquired a new stake in Spire Global during the 4th quarter valued at $135,000. Finally, MetLife Investment Management LLC purchased a new position in Spire Global during the third quarter worth $136,000. 19.97% of the stock is 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.