Renaissance Technologies LLC Takes Position in Spire Global, Inc. (NYSE:SPIR)

Renaissance Technologies LLC acquired a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 47,500 shares of the company's stock, valued at approximately $668,000. Renaissance Technologies LLC owned approximately 0.20% of Spire Global as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of Spire Global in the fourth quarter worth about $37,000. Promus Capital LLC purchased a new position in shares of Spire Global in the fourth quarter worth $135,000. JPMorgan Chase & Co. boosted its position in shares of Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock worth $147,000 after acquiring an additional 597 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Spire Global by 50.8% in the 4th quarter. Wells Fargo & Company MN now owns 10,547 shares of the company's stock valued at $148,000 after acquiring an additional 3,553 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in Spire Global in the 4th quarter worth $150,000. Hedge funds and other institutional investors own 19.97% of the company's stock.

Insider Activity

In other news, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 300,304 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theresa Condor sold 17,979 shares of the business'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 $202,623.33. Following the sale, the chief executive officer now directly owns 359,173 shares of the company's stock, valued at $4,047,879.71. This represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Canaccord Genuity Group increased 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. Robert W. Baird cut their target price on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 1st. Finally, Stifel Nicolaus reduced their price target on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Spire Global currently has an average rating of "Moderate Buy" and an average target price of $17.80.

Spire Global Stock Down 2.0 %

SPIR traded down $0.19 during trading on Wednesday, reaching $9.29. The company had a trading volume of 156,130 shares, compared to its average volume of 489,042. The business has a 50 day simple moving average of $9.21 and a 200-day simple moving average of $12.38. The stock has a market cap of $287.53 million, a P/E ratio of -2.67 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.

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.