Jump Financial LLC Buys 36,405 Shares of Spire Global, Inc. $SPIR

Key Points

• Jump Financial LLC increased its stake in Spire Global, Inc. by 20.4%, now owning 215,219 shares valued at approximately $1.74 million.
• Several major investors, including Harbor Capital Advisors, boosted their holdings significantly, indicating growing institutional interest in the company.
• Analysts have a consensus rating of "Moderate Buy" for Spire Global, with an updated target price of $18.20 per share.

Jump Financial LLC grew its holdings in Spire Global, Inc. (NYSE:SPIR - Free Report) by 20.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 215,219 shares of the company's stock after acquiring an additional 36,405 shares during the period. Jump Financial LLC owned 0.69% of Spire Global worth $1,741,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SPIR. Harbor Capital Advisors Inc. raised its position in Spire Global by 538.7% in the first quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company's stock worth $5,275,000 after acquiring an additional 549,972 shares during the period. Raymond James Financial Inc. bought a new position in Spire Global in the fourth quarter worth approximately $1,902,000. Granahan Investment Management LLC bought a new position in Spire Global in the fourth quarter worth approximately $1,774,000. Renaissance Technologies LLC bought a new position in Spire Global in the fourth quarter worth approximately $668,000. Finally, Nuveen LLC bought a new position in Spire Global in the first quarter worth approximately $331,000. 19.97% of the stock is currently owned by institutional investors.

Spire Global Trading Down 0.5%

Shares of SPIR traded down $0.04 during trading hours on Friday, reaching $9.07. 289,345 shares of the stock traded hands, compared to its average volume of 579,458. Spire Global, Inc. has a 52-week low of $6.85 and a 52-week high of $21.43. The company's 50-day moving average price is $10.50 and its two-hundred day moving average price is $10.21. The company has a market cap of $281.80 million, a P/E ratio of -2.61 and a beta of 2.38.

Wall Street Analyst Weigh In

Separately, Robert W. Baird increased their price target 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. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $18.20.

Insiders Place Their Bets

In related news, Director Stephen Messer sold 16,660 shares of Spire Global stock in a transaction on Friday, June 13th. The shares were sold at an average price of $10.85, for a total transaction of $180,761.00. Following the transaction, the director owned 82,062 shares in the company, valued at approximately $890,372.70. The trade was a 16.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Peter Platzer sold 130,191 shares of Spire Global stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $12.25, for a total transaction of $1,594,839.75. Following the transaction, the chairman owned 1,614,199 shares in the company, valued at approximately $19,773,937.75. This trade represents a 7.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 193,557 shares of company stock worth $2,259,464. 14.68% of the stock is owned by corporate insiders.

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.