Geode Capital Management LLC increased its stake in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) by 9.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 506,093 shares of the company's stock after purchasing an additional 41,612 shares during the quarter. Geode Capital Management LLC owned approximately 2.08% of Spire Global worth $5,057,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Spire Global by 53.1% during the third 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 during the last quarter. Stifel Financial Corp boosted its stake in 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 buying an additional 76,119 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Spire Global in the 2nd quarter worth about $722,000. Harbor Capital Advisors Inc. purchased a new stake in Spire Global in the 3rd quarter valued at about $629,000. Finally, XTX Topco Ltd purchased a new position in shares of Spire Global during the 3rd quarter worth about $392,000. Institutional investors and hedge funds own 19.97% of the company's stock.
Insider Buying and Selling at Spire Global
In other Spire Global news, COO Theresa Condor sold 17,592 shares of the 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 completion of the sale, the chief operating officer now owns 377,152 shares of the company's stock, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the business's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now directly owns 1,891,703 shares in the company, valued at approximately $27,940,453.31. The trade was a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock valued at $1,380,714 over the last three months. 17.11% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Robert W. Baird boosted their target price on shares of Spire Global from $9.00 to $16.00 and gave the company a "neutral" rating in a report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on shares of Spire Global from $12.00 to $18.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Alliance Global Partners increased their target price on Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and boosted their price target for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Spire Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.60.
Check Out Our Latest Research Report on SPIR
Spire Global Stock Up 7.3 %
Shares of NYSE:SPIR traded up $1.06 during midday trading on Friday, hitting $15.55. 307,989 shares of the company's stock traded hands, compared to its average volume of 242,145. The firm's fifty day moving average price is $13.53 and its two-hundred day moving average price is $11.37. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $19.40. The company has a market cap of $378.14 million, a PE ratio of -4.47 and a beta of 2.22.
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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