Raymond James Financial Inc. Buys Shares of 135,152 Spire Global, Inc. (NYSE:SPIR)

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

Several other institutional investors and hedge funds also recently modified their holdings of SPIR. Jane Street Group LLC grew its stake in shares of Spire Global by 96.4% during the 3rd 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 boosted its holdings in shares of Spire Global by 321.5% in the 3rd quarter. Barclays PLC now owns 31,875 shares of the company's stock valued at $318,000 after buying an additional 24,312 shares during the period. Geode Capital Management LLC grew 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 buying an additional 41,612 shares during the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Spire Global by 62.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock valued at $1,436,000 after purchasing an additional 39,175 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of Spire Global during the fourth quarter valued at about $150,000. Hedge funds and other institutional investors own 19.97% of the company's stock.

Insider Activity

In related news, Chairman Peter Platzer sold 145,600 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total value of $1,511,328.00. Following the transaction, the chairman now directly owns 1,694,757 shares in the company, valued at $17,591,577.66. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Theresa Condor sold 17,979 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 transaction of $202,623.33. Following the transaction, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. The trade was a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,314 shares of company stock worth $3,069,869. Corporate insiders own 17.11% of the company's stock.

Spire Global Stock Performance

Spire Global stock traded down $0.43 during midday trading on Monday, reaching $9.25. 373,964 shares of the company's stock were exchanged, compared to its average volume of 489,831. The firm has a market cap of $286.48 million, a price-to-earnings ratio of -2.66 and a beta of 2.39. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The stock's 50-day simple moving average is $9.28 and its 200 day simple moving average is $12.40.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SPIR. Robert W. Baird dropped their price target on Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a report on Tuesday, April 1st. Stifel Nicolaus reduced their target price on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, 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 note on Tuesday, April 29th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.80.

About Spire Global

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.