Shay Capital LLC acquired a new position in Spire Global, Inc. (NYSE:SPIR - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 29,133 shares of the company's stock, valued at approximately $410,000. Shay Capital LLC owned approximately 0.12% of Spire Global at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of SPIR. JPMorgan Chase & Co. lifted its stake in shares of 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 acquiring an additional 597 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Spire Global by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company's stock worth $718,000 after acquiring an additional 2,441 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Spire Global in the 4th quarter worth approximately $37,000. BNP Paribas Financial Markets acquired a new stake in shares of Spire Global in the 4th quarter worth approximately $42,000. Finally, Barclays PLC lifted its stake in shares of Spire Global by 10.8% in the 4th quarter. Barclays PLC now owns 35,325 shares of the company's stock worth $497,000 after acquiring an additional 3,450 shares during the period. Institutional investors own 19.97% of the company's stock.
Spire Global Price Performance
Spire Global stock traded down $0.04 during trading hours on Tuesday, hitting $11.66. The company had a trading volume of 393,458 shares, compared to its average volume of 490,386. The firm has a market capitalization of $362.36 million, a P/E ratio of -3.35 and a beta of 2.39. The firm's fifty day moving average is $9.19 and its 200-day moving average is $12.46. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43.
Analyst Ratings Changes
Several analysts recently commented on SPIR shares. Robert W. Baird increased their target price on shares of Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Stifel Nicolaus cut their price target 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. Finally, Canaccord Genuity Group boosted their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.20.
Get Our Latest Analysis on Spire Global
Insider Buying and Selling at Spire Global
In other news, Chairman Peter Platzer sold 51,346 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares in the company, valued at $20,740,823.39. This represents a 2.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the 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 transaction, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. This trade represents a 3.63% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 295,314 shares of company stock worth $3,069,869. 17.11% of the stock is currently owned by company insiders.
Spire Global Profile
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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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