Harbor Capital Advisors Inc. lifted its holdings in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) by 62.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,090 shares of the company's stock after acquiring an additional 39,175 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.42% of Spire Global worth $1,436,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in SPIR. Bank of New York Mellon Corp bought a new position in shares of Spire Global in the 2nd quarter worth approximately $722,000. Rhumbline Advisers raised its holdings in Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company's stock worth $293,000 after purchasing an additional 25,905 shares in the last quarter. Herald Investment Management Ltd lifted its position in Spire Global by 10.0% during the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company's stock valued at $1,784,000 after buying an additional 15,000 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Spire Global during the 2nd quarter valued at $106,000. Finally, Van ECK Associates Corp purchased a new stake in shares of Spire Global in the 3rd quarter worth about $172,000. Institutional investors own 19.97% of the company's stock.
Analyst Ratings Changes
SPIR has been the topic of several research reports. Robert W. Baird boosted their price objective on shares of Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price target on Spire Global from $12.00 to $18.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Alliance Global Partners lifted their price objective on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and increased their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $19.60.
Check Out Our Latest Research Report on Spire Global
Spire Global Stock Down 0.1 %
SPIR stock traded down $0.01 during midday trading on Monday, hitting $13.11. The company's stock had a trading volume of 239,391 shares, compared to its average volume of 216,114. The company has a market cap of $318.81 million, a PE ratio of -3.77 and a beta of 2.24. The firm's 50-day moving average is $13.93 and its 200-day moving average is $11.51. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.
Insider Buying and Selling at Spire Global
In related news, COO Theresa Condor sold 17,592 shares of the firm'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 $259,833.84. Following the transaction, the chief operating officer now owns 377,152 shares of the company's stock, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Peter Platzer sold 50,238 shares of the company'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 transaction of $742,015.26. Following the sale, the chief executive officer now directly owns 1,891,703 shares of the company's stock, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,481 shares of company stock worth $1,380,714. Company insiders own 17.11% of the company's stock.
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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