Granahan Investment Management LLC Buys Shares of 126,069 Spire Global, Inc. (NYSE:SPIR)

Granahan Investment Management LLC acquired a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 126,069 shares of the company's stock, valued at approximately $1,774,000. Granahan Investment Management LLC owned 0.52% of Spire Global as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. raised 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 valued at $147,000 after purchasing an additional 597 shares during the period. Bank of New York Mellon Corp increased its stake in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock valued at $718,000 after purchasing an additional 2,441 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Spire Global in the fourth quarter worth about $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global during the 4th quarter valued at approximately $42,000. Finally, Barclays PLC boosted its holdings in shares of Spire Global by 10.8% during the fourth quarter. Barclays PLC now owns 35,325 shares of the company's stock valued at $497,000 after acquiring an additional 3,450 shares during the period. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Price Performance

SPIR traded up $0.11 during midday trading on Friday, hitting $11.84. 421,486 shares of the company's stock traded hands, compared to its average volume of 498,271. The company has a market cap of $366.49 million, a PE ratio of -3.40 and a beta of 2.39. The stock's fifty day simple moving average is $9.12 and its 200-day simple moving average is $12.40. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43.

Insiders Place Their Bets

In other news, CEO Theresa Condor sold 17,979 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares of the company's stock, valued at $4,047,879.71. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Peter Platzer sold 27,293 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the sale, the chairman now directly owns 1,588,609 shares of the company's stock, valued at approximately $14,742,291.52. This represents a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 over the last 90 days. 17.11% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on SPIR. Stifel Nicolaus lowered their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. 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. Finally, Canaccord Genuity Group raised 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. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.