35,500 Shares in Spire Global, Inc. (NYSE:SPIR) Acquired by PFG Investments LLC

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

A number of other large investors have also recently added to or reduced their stakes in SPIR. Rhumbline Advisers boosted its holdings in Spire Global by 13.6% during the fourth quarter. Rhumbline Advisers now owns 30,007 shares of the company's stock worth $422,000 after buying an additional 3,585 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock worth $718,000 after buying an additional 2,441 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Spire Global during the fourth quarter worth approximately $37,000. Promus Capital LLC bought a new stake in Spire Global during the fourth quarter worth approximately $135,000. Finally, Raymond James Financial Inc. bought a new stake in Spire Global during the fourth quarter worth approximately $1,902,000. 19.97% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Spire Global news, Director Stephen Messer sold 16,660 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $10.85, for a total value of $180,761.00. Following the completion of the sale, the director now owns 82,062 shares in the company, valued at $890,372.70. This represents a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the completion of the sale, the chairman now owns 1,588,609 shares of the company's stock, valued at approximately $14,742,291.52. The trade was a 1.69% decrease in their position. The disclosure for this sale can be found here. Insiders own 14.68% of the company's stock.

Spire Global Stock Performance

Shares of NYSE:SPIR opened at $9.84 on Thursday. The company has a market cap of $305.83 million, a PE ratio of -2.83 and a beta of 2.38. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The firm has a 50 day simple moving average of $10.34 and a 200 day simple moving average of $11.91.

Analyst Ratings Changes

SPIR has been the subject of several research analyst reports. Robert W. Baird upped their price target on shares of Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Canaccord Genuity Group upped their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus reduced their price target on shares of 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.20.

About Spire Global

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.