Divisadero Street Capital Management LP Makes New Investment in Spire Global, Inc. (NYSE:SPIR)

Divisadero Street Capital Management LP bought a new position in Spire Global, Inc. (NYSE:SPIR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,365 shares of the company's stock, valued at approximately $540,000. Divisadero Street Capital Management LP owned about 0.16% of Spire Global at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock valued at $147,000 after purchasing an additional 597 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Spire Global by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock worth $718,000 after purchasing an additional 2,441 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in Spire Global during the fourth quarter valued at about $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global during the fourth quarter valued at about $42,000. Finally, Barclays PLC grew its stake in shares of Spire Global by 10.8% during the fourth quarter. Barclays PLC now owns 35,325 shares of the company's stock valued at $497,000 after buying an additional 3,450 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Spire Global Stock Down 6.6%

Shares of Spire Global stock traded down $0.65 during trading on Monday, reaching $9.18. 323,856 shares of the stock were exchanged, compared to its average volume of 491,657. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The firm has a market cap of $284.28 million, a price-to-earnings ratio of -2.64 and a beta of 2.39. The stock's fifty day moving average is $9.13 and its 200 day moving average is $12.41.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction dated 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 directly owns 1,588,609 shares of the company's stock, valued at $14,742,291.52. This represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Boyd C. Johnson sold 11,304 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of 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 disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 in the last 90 days. Insiders own 17.11% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their target price on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Robert W. Baird lowered their price objective on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group increased their price objective on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $17.80.

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.