Jane Street Group LLC Cuts Stake in Spire Global, Inc. (NYSE:SPIR)

Jane Street Group LLC trimmed its holdings in Spire Global, Inc. (NYSE:SPIR - Free Report) by 63.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,092 shares of the company's stock after selling 35,348 shares during the period. Jane Street Group LLC owned about 0.08% of Spire Global worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SPIR. SBI Securities Co. Ltd. bought a new stake in Spire Global during the 4th quarter worth about $37,000. Promus Capital LLC bought a new stake in shares of Spire Global during the fourth quarter worth approximately $135,000. JPMorgan Chase & Co. grew its holdings in Spire Global by 6.1% in 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. Wells Fargo & Company MN grew its stake in shares of Spire Global by 50.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company's stock valued at $148,000 after acquiring an additional 3,553 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Spire Global during the fourth quarter worth approximately $150,000. 19.97% of the stock is owned by institutional investors.

Spire Global Stock Performance

Shares of SPIR stock traded up $0.46 during mid-day trading on Friday, hitting $11.46. The company's stock had a trading volume of 714,617 shares, compared to its average volume of 498,703. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The company's fifty day simple moving average is $9.84 and its 200-day simple moving average is $12.34. The company has a market cap of $356.14 million, a PE ratio of -3.29 and a beta of 2.38.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 27,293 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total value of $253,279.04. Following the transaction, the chairman now directly owns 1,588,609 shares of the company's stock, valued at approximately $14,742,291.52. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 17.11% of the company's stock.

Wall Street Analyst Weigh In

SPIR has been the subject of a number of analyst reports. Canaccord Genuity Group boosted their price target on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Stifel Nicolaus reduced their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, 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. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Spire Global currently has a consensus rating of "Moderate Buy" and an average price target 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.