Nkcfo LLC Makes New $774,000 Investment in Spire Global, Inc. (NYSE:SPIR)

Nkcfo LLC purchased a new stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,000 shares of the company's stock, valued at approximately $774,000. Nkcfo LLC owned 0.23% of Spire Global at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SPIR. Geode Capital Management LLC raised its position in shares of 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 in the last quarter. State Street Corp increased 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 purchasing an additional 148,803 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Spire Global by 45.7% in the 3rd 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. Harbor Capital Advisors Inc. boosted its stake in shares of Spire Global by 62.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after buying an additional 39,175 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company's stock worth $694,000 after buying an additional 3,072 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.

Spire Global Stock Up 2.9 %

NYSE:SPIR traded up $0.36 on Wednesday, reaching $12.67. 781,773 shares of the company's stock traded hands, compared to its average volume of 734,108. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The stock has a 50-day simple moving average of $15.41 and a 200-day simple moving average of $12.32. The firm has a market cap of $308.21 million, a PE ratio of -3.64 and a beta of 2.27.

Insider Transactions at Spire Global

In other news, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares of the company's stock, valued at approximately $4,602,450.16. The trade was a 3.82 % 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 Spire Global stock in a transaction dated Thursday, November 21st. The stock was 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 directly owns 236,479 shares in the company, valued at $3,492,794.83. This trade represents a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Canaccord Genuity Group lifted their target price on Spire Global from $18.00 to $24.00 and gave the company a "buy" rating in a research report on Tuesday, February 11th. Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and lifted their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Robert W. Baird lifted their target price on Spire Global from $6.00 to $11.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Spire Global presently has an average rating of "Moderate Buy" and a consensus price target of $19.80.

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.