Lane Generational LLC raised its stake in Spire Global, Inc. (NYSE:SPIR - Free Report) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 485,617 shares of the company's stock after purchasing an additional 36,251 shares during the quarter. Spire Global comprises approximately 4.3% of Lane Generational LLC's holdings, making the stock its 9th biggest holding. Lane Generational LLC owned approximately 1.57% of Spire Global worth $3,929,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after purchasing an additional 64,632 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Spire Global by 538.7% during the 1st quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company's stock valued at $5,275,000 after buying an additional 549,972 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock valued at $7,172,000 after buying an additional 3,551 shares during the last quarter. Northern Trust Corp grew its position in shares of Spire Global by 6.4% during the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company's stock valued at $2,651,000 after buying an additional 11,373 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Spire Global in the 4th quarter worth about $1,902,000. Hedge funds and other institutional investors own 19.97% of the company's stock.
Insider Activity
In related news, Chairman Peter Platzer sold 130,191 shares of Spire Global stock in a transaction dated 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 completion of the transaction, the chairman directly owned 1,614,199 shares of the company's stock, valued at $19,773,937.75. This trade represents a 7.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen Messer sold 16,660 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the transaction, the director directly owned 82,062 shares of the company's stock, valued at approximately $890,372.70. This represents a 16.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,557 shares of company stock valued at $2,259,464 over the last three months. 14.68% of the stock is currently owned by insiders.
Spire Global Stock Down 0.9%
Spire Global stock traded down $0.11 during mid-day trading on Friday, reaching $11.17. The company had a trading volume of 222,243 shares, compared to its average volume of 665,412. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The company has a 50 day moving average of $11.23 and a 200-day moving average of $11.57. The firm has a market cap of $347.29 million, a price-to-earnings ratio of -3.20 and a beta of 2.40.
Analyst Upgrades and Downgrades
Several research analysts have commented on SPIR shares. Stifel Nicolaus decreased their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Robert W. Baird upped 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 upped 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.20.
Read Our Latest Stock Analysis on Spire Global
About Spire Global
(
Free Report)
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.
Further Reading
Before you consider Spire Global, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Spire Global wasn't on the list.
While Spire Global currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
