Jane Street Group LLC Has $283,000 Stock Position in Spire Global, Inc. (NYSE:SPIR)

Jane Street Group LLC lessened its stake in Spire Global, Inc. (NYSE:SPIR - Free Report) by 63.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. 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 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of Spire Global during the fourth quarter worth $37,000. Promus Capital LLC acquired a new stake in Spire Global during the 4th quarter worth approximately $135,000. JPMorgan Chase & Co. increased its holdings in Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after purchasing an additional 597 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of Spire Global by 50.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company's stock worth $148,000 after buying an additional 3,553 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Spire Global in the fourth quarter valued at approximately $150,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Trading Up 1.0%

Spire Global stock traded up $0.11 during mid-day trading on Thursday, reaching $11.01. The company had a trading volume of 667,771 shares, compared to its average volume of 665,563. The business has a fifty day simple moving average of $9.71 and a 200 day simple moving average of $12.38. The company has a market cap of $342.06 million, a P/E ratio of -3.16 and a beta of 2.38. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SPIR. Stifel Nicolaus lowered their price objective on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Robert W. Baird increased their target price 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. Finally, Canaccord Genuity Group lifted their price objective on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Spire Global currently has an average rating of "Moderate Buy" and an average target price of $18.20.

Insiders Place Their Bets

In related news, Chairman Peter Platzer sold 27,564 shares of Spire Global stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total value of $236,223.48. Following the transaction, the chairman now directly owns 1,615,902 shares of the company's stock, valued at $13,848,280.14. The trade was a 1.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 17.11% 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.