1,250,000 Shares in Spire Global, Inc. $SPIR Purchased by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. acquired 1,250,000 shares of Spire Global, Inc., valuing approximately $10,056,000, representing 4.04% of the company's stock.
• Wall Street analysts have a consensus rating of "Moderate Buy" on Spire Global with an average price target of $18.20.
• Insider trading shows that Chairman Peter Platzer sold 130,191 shares for approximately $1.59 million, reducing his ownership by 7.46%.

Alyeska Investment Group L.P. bought a new stake in Spire Global, Inc. (NYSE:SPIR - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,250,000 shares of the company's stock, valued at approximately $10,056,000. Alyeska Investment Group L.P. owned about 4.04% of Spire Global as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. 325 Capital LLC bought a new stake in Spire Global in the first quarter valued at approximately $15,169,000. Royal Bank of Canada increased its holdings in shares of Spire Global by 164.6% during the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company's stock worth $378,000 after acquiring an additional 29,066 shares during the last quarter. Walleye Capital LLC bought a new stake in Spire Global in the 1st quarter valued at $140,000. Jump Financial LLC raised its stake in Spire Global by 20.4% in the 1st quarter. Jump Financial LLC now owns 215,219 shares of the company's stock valued at $1,741,000 after acquiring an additional 36,405 shares during the period. Finally, Resolute Advisors LLC acquired a new stake in Spire Global during the 1st quarter valued at $186,000. Institutional investors and hedge funds own 19.97% of the company's stock.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 20,799 shares of Spire Global stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $10.92, for a total value of $227,125.08. Following the completion of the sale, the chairman directly owned 1,593,400 shares in the company, valued at approximately $17,399,928. The trade was a 1.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen Messer sold 16,660 shares of the business's 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 owned 82,062 shares of the company's stock, valued at approximately $890,372.70. This trade represents a 16.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 193,557 shares of company stock valued at $2,259,464 in the last three months. Insiders own 14.68% of the company's stock.

Spire Global Trading Up 1.1%

Shares of SPIR stock traded up $0.10 on Friday, hitting $8.86. The company's stock had a trading volume of 529,885 shares, compared to its average volume of 582,554. The stock's 50 day moving average is $10.35 and its 200-day moving average is $10.10. Spire Global, Inc. has a fifty-two week low of $6.85 and a fifty-two week high of $21.43.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird upped their price objective on shares of Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Spire Global presently has an average rating of "Moderate Buy" and an average price target of $18.20.

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.