Barclays PLC increased its position in Spire Global, Inc. (NYSE:SPIR - Free Report) by 321.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,875 shares of the company's stock after acquiring an additional 24,312 shares during the quarter. Barclays PLC owned about 0.13% of Spire Global worth $318,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Spire Global by 9.0% in the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after acquiring an additional 41,612 shares during the last quarter. XTX Topco Ltd purchased a new position in Spire Global during the 3rd quarter valued at about $392,000. Jane Street Group LLC grew its holdings in 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 in the last quarter. State Street Corp grew its holdings in Spire Global by 53.1% during the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after buying an additional 148,803 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after buying an additional 76,119 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.
Spire Global Stock Performance
NYSE:SPIR traded up $1.34 during mid-day trading on Monday, reaching $17.98. The stock had a trading volume of 1,003,914 shares, compared to its average volume of 229,706. The firm has a 50 day moving average price of $14.34 and a two-hundred day moving average price of $11.66. The stock has a market capitalization of $437.32 million, a P/E ratio of -5.17 and a beta of 2.24. Spire Global, Inc. has a one year low of $6.26 and a one year high of $19.40.
Insider Buying and Selling
In other Spire Global news, COO Theresa Condor sold 17,592 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Leonardo Basola sold 13,278 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the completion of the sale, the chief financial officer now owns 236,479 shares of the company's stock, valued at $3,492,794.83. The trade was a 5.32 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 93,481 shares of company stock worth $1,380,714 in the last quarter. 17.11% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
SPIR has been the subject of a number of recent analyst reports. Robert W. Baird lifted their target price on Spire Global from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Alliance Global Partners lifted their target price on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and lifted their price target for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price target on Spire Global from $12.00 to $18.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Spire Global currently has a consensus rating of "Moderate Buy" and an average price target of $19.60.
Read Our Latest Stock Analysis on Spire Global
About Spire Global
(
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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