Spire Global, Inc. (NYSE:SPIR) Shares Purchased by Barclays PLC

Barclays PLC boosted its position in Spire Global, Inc. (NYSE:SPIR) by 321.5% in the 3rd quarter, Holdings Channel reports. The firm owned 31,875 shares of the company’s stock after acquiring an additional 24,312 shares during the quarter. Barclays PLC’s holdings in Spire Global were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its position 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 during the last quarter. Stifel Financial Corp raised 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 acquiring an additional 76,119 shares during the last quarter. Herald Investment Management Ltd lifted its stake in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Spire Global in the second quarter valued at approximately $722,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SPIR has been the subject of several analyst reports. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their target price for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group raised their price objective 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. Alliance Global Partners boosted their target price 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. Finally, Robert W. Baird raised their price target 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 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Insider Buying and Selling

In other 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 value of $259,833.84. Following the completion of the transaction, the chief operating officer now owns 377,152 shares of the company’s stock, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 sale, the chief executive officer now directly owns 1,891,703 shares in the company, 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. In 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 Trading Up 7.3 %

Shares of SPIR stock opened at $15.55 on Friday. The company has a 50-day moving average of $13.53 and a two-hundred day moving average of $11.36. The firm has a market cap of $378.14 million, a PE ratio of -4.47 and a beta of 2.22. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year 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.

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.