PFG Investments LLC Makes New Investment in Spire Global, Inc. (NYSE:SPIR)

PFG Investments LLC bought a new stake in Spire Global, Inc. (NYSE:SPIR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 35,500 shares of the company's stock, valued at approximately $287,000. PFG Investments LLC owned 0.11% of Spire Global as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock valued at $147,000 after buying an additional 597 shares in the last quarter. Two Sigma Investments LP increased its position in Spire Global by 4.3% during the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock valued at $535,000 after buying an additional 1,550 shares in the last quarter. Rhumbline Advisers increased its position in Spire Global by 6.9% during the 1st quarter. Rhumbline Advisers now owns 32,075 shares of the company's stock valued at $259,000 after buying an additional 2,068 shares in the last quarter. Bank of New York Mellon Corp increased its position in Spire Global by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock valued at $718,000 after buying an additional 2,441 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Spire Global during the 4th quarter valued at approximately $37,000. Hedge funds and other institutional investors own 19.97% of the company's stock.

Insider Activity at Spire Global

In related news, Director Stephen Messer sold 16,660 shares of Spire Global stock in a transaction on Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the transaction, the director now directly owns 82,062 shares in the company, valued at approximately $890,372.70. The trade was a 16.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Peter Platzer sold 25,907 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $9.91, for a total value of $256,738.37. Following the completion of the transaction, the chairman now owns 1,614,199 shares in the company, valued at $15,996,712.09. The trade was a 1.58% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,860 shares of company stock worth $690,778. Corporate insiders own 14.68% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SPIR shares. Canaccord Genuity Group raised their price objective on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Robert W. Baird raised their price objective on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus reduced their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $18.20.

Spire Global Price Performance

Shares of SPIR traded up $0.30 during trading hours on Friday, hitting $11.52. The stock had a trading volume of 1,983,643 shares, compared to its average volume of 514,635. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The firm has a market capitalization of $357.92 million, a PE ratio of -3.31 and a beta of 2.38. The stock has a fifty day moving average price of $10.45 and a 200 day moving average price of $11.84.

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.