ARS Investment Partners LLC Reduces Holdings in Spire Global, Inc. (NYSE:SPIR)

ARS Investment Partners LLC lessened its position in Spire Global, Inc. (NYSE:SPIR - Free Report) by 41.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 27,623 shares of the company's stock after selling 19,264 shares during the period. ARS Investment Partners LLC owned approximately 0.11% of Spire Global worth $389,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC boosted its holdings in Spire Global by 9.0% in the 3rd 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 in the last quarter. State Street Corp boosted its stake in shares of Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after buying an additional 148,803 shares in the last quarter. Stifel Financial Corp grew its holdings in Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock worth $2,424,000 after acquiring an additional 76,119 shares during the period. Harbor Capital Advisors Inc. raised its position in Spire Global by 62.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock worth $1,436,000 after acquiring an additional 39,175 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Spire Global by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company's stock valued at $694,000 after acquiring an additional 3,072 shares during the period. Institutional investors and hedge funds own 19.97% of the company's stock.

Insider Activity

In related news, CAO Boyd C. Johnson sold 12,373 shares of the business'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 $182,749.21. Following the completion of the sale, the chief accounting officer now directly owns 311,608 shares in the company, valued at approximately $4,602,450.16. The trade was a 3.82 % 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 the SEC website. Also, CFO Leonardo Basola sold 13,278 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $196,116.06. Following the sale, the chief financial officer now owns 236,479 shares of the company's stock, valued at approximately $3,492,794.83. The trade was a 5.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 over the last quarter. Company insiders own 17.11% of the company's stock.

Spire Global Stock Up 1.1 %

Shares of NYSE:SPIR traded up $0.19 during trading on Tuesday, reaching $18.17. The stock had a trading volume of 946,401 shares, compared to its average volume of 474,491. The business has a fifty day moving average price of $14.47 and a 200-day moving average price of $11.71. The stock has a market cap of $441.94 million, a P/E ratio of -5.22 and a beta of 2.24. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $19.40.

Analyst Upgrades and Downgrades

SPIR has been the subject of a number of research reports. Robert W. Baird lifted their price target on shares of Spire Global from $9.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on Spire Global from $12.00 to $18.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Craig Hallum upgraded Spire Global from a "hold" rating to a "buy" rating and boosted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. 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 research 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's stock. According to MarketBeat.com, Spire Global currently has a consensus rating of "Moderate Buy" and an average target price of $19.60.

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.