Granahan Investment Management LLC Makes New $1.77 Million Investment in Spire Global, Inc. (NYSE:SPIR)

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

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Spire Global during the fourth quarter worth about $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global during the 4th quarter worth approximately $42,000. Promus Capital LLC acquired a new position in Spire Global during the 4th quarter worth approximately $135,000. JPMorgan Chase & Co. boosted its position in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock valued at $147,000 after buying an additional 597 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake 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 during the last quarter. Institutional investors own 19.97% of the company's stock.

Insider Buying and Selling

In other news, Chairman Peter Platzer sold 51,346 shares of the business's 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 $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leonardo Basola sold 14,228 shares of the company's stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $160,349.56. Following the completion of the sale, the chief financial officer now directly owns 222,251 shares in the company, valued at approximately $2,504,768.77. This represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 295,314 shares of company stock valued at $3,069,869 over the last ninety days. 17.11% of the stock is owned by company insiders.

Spire Global Trading Up 2.5 %

NYSE SPIR opened at $9.78 on Friday. The firm has a market capitalization of $302.86 million, a PE ratio of -2.81 and a beta of 2.39. The business's 50-day moving average price is $9.13 and its two-hundred day moving average price is $12.39. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43.

Analyst Ratings Changes

SPIR has been the subject of a number of research reports. Stifel Nicolaus dropped their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Robert W. Baird cut their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group boosted their price target on Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.80.

Spire Global 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.

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