Squarepoint Ops LLC Invests $397,000 in Spire Global, Inc. (NYSE:SPIR)

Squarepoint Ops LLC bought a new stake in Spire Global, Inc. (NYSE:SPIR - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 28,208 shares of the company's stock, valued at approximately $397,000. Squarepoint Ops LLC owned 0.12% of Spire Global as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Spire Global during the fourth quarter worth $37,000. BNP Paribas Financial Markets acquired a new stake in shares of Spire Global during the fourth quarter worth about $42,000. Promus Capital LLC acquired a new stake in shares of Spire Global during the fourth quarter worth about $135,000. JPMorgan Chase & Co. boosted its stake in shares of Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after buying an additional 597 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in 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 purchasing an additional 3,553 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Spire Global Price Performance

Spire Global stock traded up $0.46 during mid-day trading on Friday, reaching $11.46. The company had a trading volume of 714,617 shares, compared to its average volume of 498,703. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The company has a market capitalization of $356.14 million, a P/E ratio of -3.29 and a beta of 2.38. The stock's 50-day simple moving average is $9.84 and its 200-day simple moving average is $12.34.

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 27,564 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the completion of the transaction, the chairman now directly owns 1,615,902 shares of the company's stock, valued at $13,848,280.14. This trade represents a 1.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 17.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on SPIR shares. Stifel Nicolaus cut their price target on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Canaccord Genuity Group increased their price target on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, 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 report on Thursday, May 15th. Three 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 has a consensus rating of "Moderate Buy" and an average target price of $18.20.

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.