Raymond James Financial Inc. Takes $1.90 Million Position in Spire Global, Inc. (NYSE:SPIR)

Raymond James Financial Inc. purchased a new position in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 135,152 shares of the company's stock, valued at approximately $1,902,000. Raymond James Financial Inc. owned approximately 0.56% of Spire Global at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock valued at $5,057,000 after purchasing an additional 41,612 shares during the last quarter. State Street Corp increased its position in Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after acquiring an additional 148,803 shares during the period. Stifel Financial Corp raised its stake in shares of Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after acquiring an additional 76,119 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Spire Global by 62.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after purchasing an additional 39,175 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Spire Global by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company's stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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Spire Global Price Performance

Shares of SPIR traded up $0.16 during trading hours on Wednesday, hitting $8.10. The stock had a trading volume of 693,331 shares, compared to its average volume of 453,345. The firm has a market capitalization of $208.45 million, a P/E ratio of -2.33 and a beta of 2.34. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year high of $21.43. The firm has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $12.56.

Insider Buying and Selling

In related news, Chairman Peter Platzer sold 27,564 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the transaction, the chairman now directly owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theresa Condor sold 17,979 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares of the company's stock, valued at approximately $4,047,879.71. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 268,021 shares of company stock worth $2,816,590 in the last ninety days. Corporate insiders own 17.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SPIR. Stifel Nicolaus reduced their price target on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday. Canaccord Genuity Group decreased their target price on shares of Spire Global from $15.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, March 14th. Finally, Robert W. Baird dropped their price target on shares of Spire Global from $13.00 to $11.00 and set a "neutral" rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.50.

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.