EAM Investors LLC Takes Position in Spire Global, Inc. (NYSE:SPIR)

EAM Investors LLC acquired a new stake in Spire Global, Inc. (NYSE:SPIR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 49,746 shares of the company's stock, valued at approximately $700,000. EAM Investors LLC owned 0.20% of Spire Global at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock worth $4,284,000 after acquiring an additional 148,803 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Spire Global in the fourth quarter valued at approximately $1,902,000. Stifel Financial Corp lifted its stake in Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock worth $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after buying an additional 64,632 shares during the period. Finally, Nkcfo LLC purchased a new stake in shares of Spire Global in the 4th quarter valued at $774,000. Hedge funds and other institutional investors own 19.97% of the company's stock.

Insider Buying and Selling at Spire Global

In other Spire Global news, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total value of $253,279.04. Following the transaction, the chairman now directly owns 1,588,609 shares in the company, valued at $14,742,291.52. This represents a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 300,304 shares of the company's stock, valued at $3,384,426.08. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,314 shares of company stock valued at $3,069,869. Insiders own 17.11% of the company's stock.

Spire Global Price Performance

Shares of SPIR stock traded down $0.32 during trading hours on Friday, reaching $8.56. 559,245 shares of the stock were exchanged, compared to its average volume of 472,754. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $21.43. The business's fifty day moving average is $9.69 and its two-hundred day moving average is $12.38. The firm has a market capitalization of $265.05 million, a P/E ratio of -2.46 and a beta of 2.42.

Analyst Ratings Changes

SPIR has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on Spire Global from $13.00 to $11.00 and set a "neutral" rating for the company in a report on Tuesday, April 1st. Stifel Nicolaus lowered their price objective on shares of Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their target price on shares of Spire Global from $14.50 to $15.50 and gave the stock a "buy" rating in a research note on Thursday, April 10th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $17.70.

Spire Global Company 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.