49,746 Shares in Spire Global, Inc. (NYSE:SPIR) Purchased by EAM Investors LLC

EAM Investors LLC bought a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 49,746 shares of the company's stock, valued at approximately $700,000. EAM Investors LLC owned 0.20% of Spire Global at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. State Street Corp grew its position in shares of Spire Global by 53.1% during the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after purchasing an additional 148,803 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Spire Global during the fourth quarter worth about $1,902,000. Stifel Financial Corp raised its stake in Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after purchasing an additional 76,119 shares in the last quarter. 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 valued at $15,540,000 after purchasing an additional 64,632 shares during the last quarter. Finally, Nkcfo LLC purchased a new position in Spire Global in the 4th quarter worth approximately $774,000. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Spire Global Stock Performance

SPIR traded up $0.15 on Wednesday, hitting $8.81. 110,682 shares of the company were exchanged, compared to its average volume of 471,305. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The firm has a fifty day simple moving average of $9.59 and a two-hundred day simple moving average of $12.36. The stock has a market capitalization of $272.82 million, a PE ratio of -2.53 and a beta of 2.42.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on SPIR shares. Robert W. Baird dropped their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Canaccord Genuity Group upped their target price on Spire Global from $14.50 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Finally, 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. Three equities 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.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.70.

Insider Transactions at Spire Global

In related news, Chairman Peter Platzer sold 27,564 shares of the firm's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total value of $236,223.48. Following the sale, the chairman now directly owns 1,615,902 shares of the company's stock, valued at $13,848,280.14. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Boyd C. Johnson sold 11,304 shares of the company's 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 $127,396.08. Following the transaction, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at $3,384,426.08. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 295,314 shares of company stock worth $3,069,869. 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.