Barclays PLC Acquires 24,312 Shares of Spire Global, Inc. (NYSE:SPIR)

Barclays PLC grew its holdings in Spire Global, Inc. (NYSE:SPIR) by 321.5% in the third quarter, Holdings Channel reports. The firm owned 31,875 shares of the company’s stock after buying an additional 24,312 shares during the quarter. Barclays PLC’s holdings in Spire Global were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SPIR. Quest Partners LLC boosted its position in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Spire Global during the 2nd quarter valued at about $106,000. MetLife Investment Management LLC purchased a new stake in shares of Spire Global during the 3rd quarter valued at about $136,000. Van ECK Associates Corp bought a new stake in shares of Spire Global in the third quarter worth approximately $172,000. Finally, Rhumbline Advisers raised its holdings in shares of Spire Global by 2,221.7% during the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after purchasing an additional 25,905 shares during the last quarter. Hedge funds and other institutional investors 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 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 transaction of $259,833.84. Following the sale, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the company’s 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 $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. The trade was a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock valued at $1,380,714. Company insiders own 17.11% of the company’s stock.

Spire Global Price Performance

NYSE:SPIR opened at $17.98 on Monday. Spire Global, Inc. has a one year low of $6.26 and a one year high of $19.40. The business has a fifty day moving average price of $14.34 and a 200-day moving average price of $11.65. The firm has a market capitalization of $437.32 million, a price-to-earnings ratio of -5.17 and a beta of 2.24.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SPIR shares. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and raised their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group increased their price target on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Alliance Global Partners lifted their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Robert W. Baird increased their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Spire Global presently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Spire Global Company 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.