SG Americas Securities LLC Buys New Stake in Spire Global, Inc. (NYSE:SPIR)

SG Americas Securities LLC purchased a new stake in Spire Global, Inc. (NYSE:SPIR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,646 shares of the company’s stock, valued at approximately $150,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of Spire Global in the third quarter valued at about $392,000. Geode Capital Management LLC grew its position in Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after acquiring an additional 41,612 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Spire Global during the third quarter valued at approximately $629,000. Stifel Financial Corp lifted its position in shares of Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of 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. 19.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Spire Global

In other news, COO Theresa Condor sold 17,592 shares of the business’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 $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the transaction, the chief financial officer now owns 236,479 shares in the company, valued at $3,492,794.83. This represents a 5.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is owned by insiders.

Spire Global Stock Up 5.5 %

Shares of NYSE SPIR opened at $20.75 on Tuesday. The stock has a market capitalization of $504.66 million, a P/E ratio of -5.96 and a beta of 2.27. The firm’s 50-day moving average price is $15.52 and its two-hundred day moving average price is $12.29. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.30.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SPIR. Alliance Global Partners lifted their price target on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Robert W. Baird lifted their target price on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. 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 report on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price objective on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.