Shay Capital LLC acquired a new position in Spire Global, Inc. (NYSE:SPIR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,133 shares of the company's stock, valued at approximately $410,000. Shay Capital LLC owned about 0.12% of Spire Global at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. bought a new position in shares of Spire Global in the 4th quarter worth $1,902,000. Granahan Investment Management LLC bought a new position in Spire Global in the fourth quarter valued at $1,774,000. Vanguard Group Inc. raised its position in Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock valued at $15,540,000 after purchasing an additional 64,632 shares in the last quarter. Nkcfo LLC bought a new stake in Spire Global during the fourth quarter worth about $774,000. Finally, EAM Investors LLC purchased a new position in shares of Spire Global in the 4th quarter worth about $700,000. 19.97% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In related news, CEO Theresa Condor sold 17,979 shares of the company's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 value of $127,396.08. Following the completion of the transaction, the chief accounting officer now owns 300,304 shares of the company's stock, 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. Over the last ninety days, insiders sold 295,314 shares of company stock valued at $3,069,869. Insiders own 17.11% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on SPIR shares. Robert W. Baird raised their price objective on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Thursday, May 15th. Canaccord Genuity Group boosted their price objective on shares of Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus reduced 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 research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $18.20.
Get Our Latest Report on SPIR
Spire Global Stock Down 0.6%
Shares of Spire Global stock traded down $0.07 on Thursday, hitting $11.58. The stock had a trading volume of 266,337 shares, compared to its average volume of 674,049. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43. The stock's 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $12.45. The stock has a market cap of $359.87 million, a price-to-earnings ratio of -3.33 and a beta of 2.39.
Spire Global Company Profile
(
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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