38,365 Shares in Spire Global, Inc. (NYSE:SPIR) Bought by Divisadero Street Capital Management LP

Divisadero Street Capital Management LP acquired a new stake in Spire Global, Inc. (NYSE:SPIR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 38,365 shares of the company's stock, valued at approximately $540,000. Divisadero Street Capital Management LP owned 0.16% of Spire Global at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of SPIR. Vanguard Group Inc. lifted its position in Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after acquiring an additional 64,632 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock worth $7,172,000 after purchasing an additional 3,551 shares during the last quarter. Northern Trust Corp boosted its stake in Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company's stock valued at $2,651,000 after purchasing an additional 11,373 shares during the period. Raymond James Financial Inc. acquired a new position in Spire Global in the 4th quarter valued at $1,902,000. Finally, Harbor Capital Advisors Inc. increased its position in Spire Global by 62.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after buying an additional 39,175 shares during the period. Institutional investors and hedge funds own 19.97% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on SPIR shares. Stifel Nicolaus decreased their price target on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Canaccord Genuity Group increased their target price on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Robert W. Baird dropped their price target on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Spire Global presently has a consensus rating of "Moderate Buy" and an average price target of $17.80.

Spire Global Price Performance

SPIR traded up $0.24 during trading on Friday, hitting $9.78. 357,637 shares of the stock traded hands, compared to its average volume of 491,891. The business has a 50 day moving average price of $9.13 and a 200 day moving average price of $12.36. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The company has a market cap of $302.86 million, a price-to-earnings ratio of -2.81 and a beta of 2.39.

Insider Transactions at Spire Global

In related news, CFO Leonardo Basola sold 14,228 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $160,349.56. Following the completion of the transaction, the chief financial officer now owns 222,251 shares of the company's stock, valued at $2,504,768.77. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total value of $253,279.04. Following the completion of the transaction, the chairman now owns 1,588,609 shares of the company's stock, valued at $14,742,291.52. The trade was a 1.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 295,314 shares of company stock valued at $3,069,869. Corporate insiders own 17.11% of the company's stock.

Spire Global 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.