Harbor Capital Advisors Inc. Buys 549,972 Shares of Spire Global, Inc. (NYSE:SPIR)

Harbor Capital Advisors Inc. lifted its position in Spire Global, Inc. (NYSE:SPIR - Free Report) by 538.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 652,062 shares of the company's stock after acquiring an additional 549,972 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 2.11% of Spire Global worth $5,275,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Rhumbline Advisers increased its position in shares of Spire Global by 6.9% during the first quarter. Rhumbline Advisers now owns 32,075 shares of the company's stock valued at $259,000 after acquiring an additional 2,068 shares during the last quarter. Squarepoint Ops LLC bought a new position in Spire Global in the 4th quarter valued at $397,000. Two Sigma Investments LP increased its position in shares of 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 purchasing an additional 1,550 shares during the last quarter. Shay Capital LLC bought a new stake in shares of Spire Global during the 4th quarter worth $410,000. Finally, Numerai GP LLC purchased a new position in shares of Spire Global in the 4th quarter worth about $234,000. Institutional investors own 19.97% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on SPIR shares. Robert W. Baird lifted their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Canaccord Genuity Group raised their price target on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus dropped their price objective on 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Spire Global has a consensus rating of "Moderate Buy" and a consensus price target of $18.20.

Insider Activity

In other news, Chairman Peter Platzer sold 27,564 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total value of $236,223.48. Following the completion of the transaction, the chairman now directly owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. This trade represents a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Messer sold 16,660 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 82,062 shares in the company, valued at $890,372.70. This trade represents a 16.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 71,517 shares of company stock worth $670,264. 14.68% of the stock is owned by corporate insiders.

Spire Global Trading Down 5.3%

Shares of SPIR stock traded down $0.61 during trading on Friday, reaching $10.91. 631,025 shares of the company's stock traded hands, compared to its average volume of 507,169. The firm's 50-day moving average is $10.21 and its 200 day moving average is $12.20. The company has a market capitalization of $338.93 million, a P/E ratio of -3.13 and a beta of 2.38. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43.

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.