Marshall Wace LLP Acquires New Position in Spire Global, Inc. (NYSE:SPIR)

Marshall Wace LLP acquired a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 27,900 shares of the company's stock, valued at approximately $393,000. Marshall Wace LLP owned 0.11% of Spire Global at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SPIR. JPMorgan Chase & Co. boosted its position in Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after purchasing an additional 597 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 worth $718,000 after buying an additional 2,441 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in Spire Global during the fourth quarter valued at $37,000. Barclays PLC increased its holdings in Spire Global by 10.8% in the fourth quarter. Barclays PLC now owns 35,325 shares of the company's stock valued at $497,000 after buying an additional 3,450 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Spire Global by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock worth $7,172,000 after acquiring an additional 3,551 shares during the period. 19.97% of the stock is owned by hedge funds and other institutional investors.

Spire Global Stock Up 1.5 %

Shares of NYSE SPIR traded up $0.14 during midday trading on Friday, hitting $9.68. The stock had a trading volume of 85,256 shares, compared to its average volume of 672,400. 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 $299.76 million, a PE ratio of -2.78 and a beta of 2.39. The stock has a 50 day simple moving average of $9.15 and a 200-day simple moving average of $12.36.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Canaccord Genuity Group lifted their price target on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research note on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, Robert W. Baird reduced their target price on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research note on Tuesday, April 1st. Three equities 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.80.

Insider Buying and Selling at Spire Global

In other news, CAO Boyd C. Johnson sold 11,304 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the transaction, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Peter Platzer sold 51,346 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $578,669.42. Following the completion of the sale, the chairman now owns 1,840,357 shares of the company's stock, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 295,314 shares of company stock worth $3,069,869. Corporate insiders own 17.11% of the company's stock.

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.