Raymond James Financial Inc. Invests $1.90 Million in Spire Global, Inc. (NYSE:SPIR)

Raymond James Financial Inc. purchased a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 135,152 shares of the company's stock, valued at approximately $1,902,000. Raymond James Financial Inc. owned 0.56% of Spire Global as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC acquired a new stake in shares of Spire Global during the 4th quarter valued at about $668,000. Wells Fargo & Company MN increased 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 purchasing an additional 3,553 shares in the last quarter. Geode Capital Management LLC increased its stake in Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock worth $7,172,000 after buying an additional 3,551 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Spire Global by 6.1% in the 4th 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 last quarter. Finally, Vanguard Group Inc. raised its position in shares of Spire Global by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock valued at $15,540,000 after buying an additional 64,632 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Robert W. Baird dropped their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a research report on Tuesday, April 1st. Canaccord Genuity Group raised their price objective on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their target price on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Spire Global has an average rating of "Moderate Buy" and a consensus price target of $17.80.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 51,346 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 $578,669.42. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 295,314 shares of company stock valued at $3,069,869 in the last three months. 17.11% of the stock is owned by corporate insiders.

Spire Global Stock Performance

Shares of NYSE SPIR traded down $0.14 during trading on Wednesday, reaching $9.34. The stock had a trading volume of 355,839 shares, compared to its average volume of 490,869. The business's 50-day moving average price is $9.17 and its 200-day moving average price is $12.36. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The company has a market cap of $289.08 million, a P/E ratio of -2.68 and a beta of 2.39.

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.