Vanguard Group Inc. Raises Stock Position in Spire Global, Inc. (NYSE:SPIR)

Vanguard Group Inc. lifted its position in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) by 6.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,104,482 shares of the company's stock after buying an additional 64,632 shares during the period. Vanguard Group Inc. owned approximately 4.54% of Spire Global worth $15,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SPIR. Nkcfo LLC acquired a new stake in shares of Spire Global during the fourth quarter valued at about $774,000. Geode Capital Management LLC boosted its position in shares of Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company's stock worth $5,057,000 after purchasing an additional 41,612 shares during the period. Stifel Financial Corp increased its holdings in Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after purchasing an additional 76,119 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in Spire Global by 62.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company's stock valued at $1,436,000 after purchasing an additional 39,175 shares during the last quarter. Finally, Barclays PLC raised its position in Spire Global by 321.5% in the third quarter. Barclays PLC now owns 31,875 shares of the company's stock valued at $318,000 after purchasing an additional 24,312 shares during the period. Hedge funds and other institutional investors own 19.97% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SPIR. Canaccord Genuity Group raised their price target on Spire Global from $14.50 to $15.50 and gave the stock a "buy" rating in a research report on Thursday, April 10th. Stifel Nicolaus lowered their target price on Spire Global from $20.00 to $18.00 and set a "buy" rating for the company in a report on Tuesday, April 1st. Finally, Robert W. Baird reduced 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, April 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.70.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 27,293 shares of Spire Global stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total transaction of $253,279.04. Following the completion of the sale, the chairman now directly owns 1,588,609 shares of the company's stock, valued at approximately $14,742,291.52. The trade was a 1.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of the business's stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the transaction, the chief accounting officer now owns 300,304 shares of the company's stock, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 295,314 shares of company stock valued at $3,069,869. 17.11% of the stock is currently owned by corporate insiders.

Spire Global Price Performance

SPIR opened at $8.56 on Friday. The stock has a market capitalization of $265.05 million, a price-to-earnings ratio of -2.46 and a beta of 2.42. The business has a fifty day moving average price of $9.92 and a 200 day moving average price of $12.38. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43.

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.

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