Harbor Capital Advisors Inc. Has $3.77 Million Position in Spire Global, Inc. $SPIR

Key Points

• Harbor Capital Advisors Inc. reduced its stake in Spire Global, Inc. by 51.5% during the second quarter, holding 316,546 shares valued at approximately $3.77 million after selling over 335,000 shares.
• Other hedge funds, including Northern Trust Corp and Two Sigma Investments LP, also modified their positions, indicating increased investor activity around Spire Global.
• Spire Global's stock opened at $9.72 with a market cap of $302.10 million, revealing significant volatility with a one-year range of $6.85 to $21.43.

Harbor Capital Advisors Inc. decreased its holdings in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) by 51.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 316,546 shares of the company's stock after selling 335,516 shares during the period. Harbor Capital Advisors Inc. owned about 1.02% of Spire Global worth $3,767,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPIR. Northern Trust Corp raised its stake in shares of Spire Global by 6.4% in the fourth quarter. Northern Trust Corp now owns 188,393 shares of the company's stock valued at $2,651,000 after acquiring an additional 11,373 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of Spire Global in the fourth quarter valued at approximately $42,000. Two Sigma Investments LP raised its stake in shares of Spire Global by 4.3% in the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company's stock valued at $535,000 after acquiring an additional 1,550 shares during the last quarter. Squarepoint Ops LLC bought a new position in shares of Spire Global in the fourth quarter valued at approximately $397,000. Finally, Rhumbline Advisers raised its stake in shares of Spire Global by 6.9% in 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. Institutional investors own 19.97% of the company's stock.

Spire Global Price Performance

Shares of NYSE:SPIR traded up $0.42 during trading on Friday, reaching $10.49. The stock had a trading volume of 715,018 shares, compared to its average volume of 398,583. Spire Global, Inc. has a 52 week low of $6.85 and a 52 week high of $21.43. The business's 50-day moving average price is $9.90 and its 200 day moving average price is $10.01. The stock has a market capitalization of $326.03 million, a PE ratio of -3.01 and a beta of 2.38.

Insider Activity

In other news, Chairman Peter Platzer sold 130,191 shares of Spire Global stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $12.25, for a total value of $1,594,839.75. Following the completion of the transaction, the chairman owned 1,614,199 shares in the company, valued at approximately $19,773,937.75. The trade was a 7.46% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 176,897 shares of company stock valued at $2,078,703 in the last three months. Insiders own 14.68% of the company's stock.

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.