Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Spire Global Inc. shares valued at $92,385 were sold by Platzer Peter on Feb 24. At $1.02 per share, Platzer Peter sold 90,396 shares. The insider’s holdings dropped to 10,887,289 shares worth approximately $7.95 million following the completion of this transaction.
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Also, Condor Theresa sold 35,118 shares, netting a total of over 35,891 in proceeds. Following the sale of shares at $1.02 each, the insider now holds 1,153,461 shares.
Before that, Krywe Thomas had sold 22,787 shares from its account. In a trade valued at $23,288, the Chief Financial Officer traded Spire Global Inc. shares for $1.02 each. Upon closing the transaction, the insider’s holdings decreased to 22,787 shares, worth approximately $0.73 million.
Analyzing SPIR Stock Performance
On Thursday, Spire Global Inc. [NYSE: SPIR] rose 2.21% to $0.73. The stock’s lowest price that day was $0.7015, but it reached a high of $0.7509 in the same session. During the last five days, there has been a drop of approximately -2.40%. Over the course of the year, Spire Global Inc. shares have dropped approximately -24.02%. Shares of the company reached a 52-week high of $1.3600 on 01/17/23 and a 52-week low of $0.5700 on 04/04/23. A 50-day SMA is recorded $0.6849, while a 200-day SMA reached $1.0741. Nevertheless, trading volume fell to 0.69 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Spire Global Inc. (SPIR)
According to the 24-hour chart, there is a support level at 0.7036, which, if violated, would cause prices to drop to 0.6779. In the upper region, resistance lies at 0.7530. The next price resistance is at 0.7767. RSI (Relative Strength Index) is 54.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0115, which suggests the price will decrease in the coming days. Percent R is at 31.96%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Spire Global Inc. subject to short interest?
Stocks of Spire Global Inc. saw a sharp steep in short interest on May 14, 2023 dropping by -0.46 million shares to 4.62 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 5.08 million shares. A decline of -9.96% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 9.18 of the overall float, the days-to-cover ratio (short ratio) decline to 9.18.
Which companies own the most shares of Spire Global Inc. (SPIR)?
According to BlackRock Fund Advisors filings, the company currently owns 5,725,443 shares, which is about 3.98% of the total SPIR shares outstanding. The investor’s shares have plunged by -228,701 from its previous 13-F filing of 5954144.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $3,535,351. Geode Capital Management LLC acquire a 3.52% interest valued at $1.48 million while SSgA Funds Management, Inc. purchased a 13,945 stake. A total of 889,891 shares of Spire Global Inc. were bought by Lane Generational LLC during the quarter, and 22,058 were bought by Northern Trust Investments, Inc. In its current portfolio, Baillie Gifford & Co. holds 866,045 shares valued at $0.61 million.
In terms of Spire Global Inc. share price expectations, FactSet research, analysts set an average price target of $2.80 in the next 12 months, up nearly 340.85% from the previous closing price of $0.71. Analysts anticipate Spire Global Inc. stock to reach $4.00 by 2023, with the lowest price target being $0.55. In spite of this, 6 analysts ranked Spire Global Inc. stock as an Overweight at the end of 2023.