Harbor Capital Advisors Inc. Invests $629,000 in Spire Global, Inc. (NYSE:SPIR)

Harbor Capital Advisors Inc. bought a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 62,915 shares of the company's stock, valued at approximately $629,000. Harbor Capital Advisors Inc. owned approximately 0.26% of Spire Global at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SPIR. Sanctuary Advisors LLC purchased a new stake in Spire Global during the 2nd quarter valued at $106,000. Herald Investment Management Ltd raised its stake in shares of Spire Global by 10.0% in the second quarter. Herald Investment Management Ltd now owns 165,000 shares of the company's stock valued at $1,784,000 after acquiring an additional 15,000 shares during the period. Rhumbline Advisers lifted its holdings in shares of Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company's stock worth $293,000 after acquiring an additional 25,905 shares during the last quarter. nVerses Capital LLC purchased a new position in shares of Spire Global during the 2nd quarter worth about $37,000. Finally, NewGen Asset Management Ltd grew its holdings in Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company's stock valued at $4,390,000 after purchasing an additional 325,000 shares during the last quarter. Institutional investors own 19.97% of the company's stock.

Spire Global Stock Down 8.1 %

Shares of Spire Global stock traded down $0.93 during trading on Thursday, hitting $10.50. 233,442 shares of the stock traded hands, compared to its average volume of 410,613. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. The stock's fifty day simple moving average is $9.49 and its 200 day simple moving average is $10.15. The firm has a market cap of $255.22 million, a P/E ratio of -3.01 and a beta of 1.96. Spire Global, Inc. has a 52-week low of $4.09 and a 52-week high of $19.40.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPIR. Baird R W lowered Spire Global from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a "buy" rating and issued a $12.00 price objective (down previously from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Craig Hallum downgraded Spire Global from a "buy" rating to a "hold" rating and decreased their target price for the stock from $13.00 to $8.00 in a research report on Thursday, August 15th. Robert W. Baird restated a "neutral" rating and issued a $9.00 price target (down from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Finally, Raymond James reiterated a "market perform" rating on shares of Spire Global in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $13.67.

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.