XTX Topco Ltd Takes Position in Spire Global, Inc. (NYSE:SPIR)

XTX Topco Ltd purchased a new position in shares of Spire Global, Inc. (NYSE:SPIR - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 39,259 shares of the company's stock, valued at approximately $392,000. XTX Topco Ltd owned 0.16% of Spire Global at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SPIR. NewGen Asset Management Ltd grew its position in Spire Global by 406.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company's stock worth $4,390,000 after purchasing an additional 325,000 shares during the last quarter. State Street Corp boosted its position 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 buying an additional 148,803 shares during the period. Stifel Financial Corp increased its position 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 acquiring an additional 76,119 shares during the period. Bank of New York Mellon Corp bought a new stake in Spire Global during the 2nd quarter valued at $722,000. Finally, Harbor Capital Advisors Inc. acquired a new position in Spire Global during the 3rd quarter worth $629,000. Institutional investors own 19.97% of the company's stock.

Insider Buying and Selling

In related news, CEO Peter Platzer sold 50,238 shares of the firm'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 $742,015.26. Following the completion of the transaction, the chief executive officer now owns 1,891,703 shares of the company's stock, valued at approximately $27,940,453.31. This trade represents a 2.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction that occurred 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 transaction, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. The trade was 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 in the last three months. 17.11% of the stock is currently owned by insiders.

Spire Global Price Performance

Spire Global stock traded up $0.23 during mid-day trading on Monday, hitting $13.74. The company's stock had a trading volume of 223,317 shares, compared to its average volume of 407,509. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $19.40. The stock's fifty day moving average price is $12.22 and its two-hundred day moving average price is $10.96. The stock has a market capitalization of $334.13 million, a P/E ratio of -3.95 and a beta of 2.22. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SPIR. Raymond James reissued a "market perform" rating on shares of Spire Global in a report on Wednesday, August 28th. Canaccord Genuity Group raised their target price 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 price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Robert W. Baird boosted their target price on Spire Global from $9.00 to $16.00 and gave the stock a "neutral" rating in a report on Thursday, November 14th. Finally, Craig Hallum raised Spire Global from a "hold" rating to a "buy" rating and increased their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Spire Global has an average rating of "Moderate Buy" and an average 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.