Baillie Gifford & Co. Has $132,000 Position in Spire Global, Inc. (NYSE:SPIR)

Baillie Gifford & Co. trimmed its position in Spire Global, Inc. (NYSE:SPIR - Free Report) by 87.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,259 shares of the company's stock after selling 94,996 shares during the quarter. Baillie Gifford & Co. owned approximately 0.05% of Spire Global worth $132,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company's stock worth $9,220,000 after acquiring an additional 144,047 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Spire Global by 225.5% in the first quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company's stock valued at $853,000 after purchasing an additional 49,258 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Spire Global during the third quarter valued at approximately $629,000. NewGen Asset Management Ltd boosted its position in shares of Spire Global by 406.3% during the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company's stock worth $4,390,000 after buying an additional 325,000 shares during the period. Finally, DNB Asset Management AS increased its position in Spire Global by 117.5% in the 2nd quarter. DNB Asset Management AS now owns 105,745 shares of the company's stock valued at $1,145,000 after acquiring an additional 57,137 shares during the period. 19.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on SPIR. Robert W. Baird boosted their price target on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research report on Thursday. Baird R W downgraded shares of Spire Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. Raymond James reiterated a "market perform" rating on shares of Spire Global in a report on Wednesday, August 28th. Canaccord Genuity Group reissued a "buy" rating and set a $12.00 target price (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Finally, Alliance Global Partners increased their price target on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $18.40.

Spire Global Stock Up 7.1 %

Shares of Spire Global stock traded up $0.96 on Thursday, hitting $14.41. 785,528 shares of the company traded hands, compared to its average volume of 417,424. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. The company has a market cap of $350.45 million, a PE ratio of -4.16 and a beta of 1.96. The company has a 50-day moving average price of $9.81 and a 200 day moving average price of $10.21. Spire Global, Inc. has a 12-month low of $4.56 and a 12-month high of $19.40.

Spire Global 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.