NewGen Asset Management Ltd decreased its position in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) by 59.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 266,195 shares of the company's stock after selling 383,805 shares during the period. Spire Global makes up 3.4% of NewGen Asset Management Ltd's holdings, making the stock its 12th biggest position. NewGen Asset Management Ltd owned 1.09% of Spire Global worth $3,745,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock worth $4,284,000 after purchasing an additional 148,803 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of Spire Global by 96.4% in the third quarter. Jane Street Group LLC now owns 55,440 shares of the company's stock valued at $554,000 after buying an additional 27,219 shares during the period. Barclays PLC grew its position in Spire Global by 321.5% during the third quarter. Barclays PLC now owns 31,875 shares of the company's stock worth $318,000 after buying an additional 24,312 shares in the last quarter. Geode Capital Management LLC increased its stake in Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after acquiring an additional 41,612 shares during the period. Finally, Sanctuary Advisors LLC raised its holdings in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company's stock valued at $124,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently commented on SPIR. Stifel Nicolaus decreased their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Canaccord Genuity Group boosted their target price on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday. Finally, Robert W. Baird reduced their price target on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $17.80.
Get Our Latest Stock Analysis on Spire Global
Spire Global Stock Up 2.5 %
Spire Global stock traded up $0.24 during mid-day trading on Thursday, hitting $9.63. 627,171 shares of the stock were exchanged, compared to its average volume of 486,847. The stock has a market capitalization of $298.18 million, a price-to-earnings ratio of -2.77 and a beta of 2.42. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The firm's fifty day simple moving average is $9.35 and its two-hundred day simple moving average is $12.36.
Insider Buying and Selling at Spire Global
In other news, CAO Boyd C. Johnson sold 11,304 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares of the company's stock, valued at $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Peter Platzer sold 51,346 shares of the firm's stock in a transaction 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. This trade represents a 2.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,314 shares of company stock valued at $3,069,869. 17.11% of the stock is currently owned by company insiders.
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.
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