Stifel Financial Corp Has $2.42 Million Position in Spire Global, Inc. (NYSE:SPIR)

Stifel Financial Corp raised its stake in Spire Global, Inc. (NYSE:SPIR - Free Report) by 45.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 242,660 shares of the company's stock after buying an additional 76,119 shares during the period. Stifel Financial Corp owned about 1.00% of Spire Global worth $2,424,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in Spire Global in the second quarter worth approximately $722,000. NewGen Asset Management Ltd increased its position in shares of 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. nVerses Capital LLC bought a new stake in shares of Spire Global during the 2nd quarter worth $37,000. Rhumbline Advisers increased its holdings in Spire Global by 2,221.7% during the second quarter. Rhumbline Advisers now owns 27,071 shares of the company's stock worth $293,000 after buying an additional 25,905 shares during the last quarter. Finally, Herald Investment Management Ltd raised its holdings in shares of Spire Global by 10.0% in the 2nd quarter. Herald Investment Management Ltd now owns 165,000 shares of the company's stock worth $1,784,000 after purchasing an additional 15,000 shares during the period. Institutional investors and hedge funds own 19.97% of the company's stock.

Spire Global Stock Performance

NYSE:SPIR traded up $0.02 during trading hours on Thursday, hitting $12.53. 277,185 shares of the company were exchanged, compared to its average volume of 406,309. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $19.40. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $304.70 million, a price-to-earnings ratio of -3.60 and a beta of 2.22. The company's 50 day moving average price is $12.37 and its 200-day moving average price is $11.00.

Insiders Place Their Bets

In other Spire Global news, CEO Peter Platzer sold 50,238 shares of the stock in a transaction on Thursday, November 21st. The shares were 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 $27,940,453.31. This represents a 2.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Theresa Condor sold 17,592 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the sale, the chief operating officer now directly owns 377,152 shares in the company, valued at $5,570,535.04. This trade represents a 4.46 % 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 worth $1,380,714 over the last ninety days. Corporate insiders own 17.11% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Craig Hallum upgraded shares of Spire Global from a "hold" rating to a "buy" rating and lifted their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Alliance Global Partners raised their target price on shares of Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Raymond James reiterated a "market perform" rating on shares of Spire Global in a research report on Wednesday, August 28th. Canaccord Genuity Group lifted their target price on shares of Spire Global from $12.00 to $18.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Finally, Robert W. Baird increased their target price on shares of Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.60.

About Spire Global

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.