Wells Fargo & Company MN Boosts Stock Holdings in Spire Global, Inc. (NYSE:SPIR)

Wells Fargo & Company MN increased its holdings in shares of Spire Global, Inc. (NYSE:SPIR) by 50.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,547 shares of the company’s stock after purchasing an additional 3,553 shares during the period. Wells Fargo & Company MN’s holdings in Spire Global were worth $148,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of SPIR. Raymond James Financial Inc. acquired a new stake in shares of Spire Global in the 4th quarter worth $1,902,000. Vanguard Group Inc. grew its stake in shares of Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after acquiring an additional 64,632 shares during the last quarter. Nkcfo LLC acquired a new position in Spire Global during the 4th quarter valued at approximately $774,000. Harbor Capital Advisors Inc. grew its holdings in shares of Spire Global by 62.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock valued at $1,436,000 after buying an additional 39,175 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Spire Global by 166.4% during the 4th quarter. Van ECK Associates Corp now owns 45,813 shares of the company’s stock worth $645,000 after acquiring an additional 28,617 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Price Performance

SPIR opened at $9.78 on Friday. The firm has a fifty day moving average price of $9.13 and a 200 day moving average price of $12.36. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The stock has a market cap of $302.86 million, a P/E ratio of -2.81 and a beta of 2.39.

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 51,346 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $578,669.42. Following the completion of the sale, the chairman now directly owns 1,840,357 shares in the company, valued at $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Leonardo Basola sold 14,228 shares of the business’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $160,349.56. Following the sale, the chief financial officer now directly owns 222,251 shares of the company’s stock, valued at $2,504,768.77. This represents a 6.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 295,314 shares of company stock valued at $3,069,869. Corporate insiders own 17.11% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on SPIR shares. Robert W. Baird reduced their price target on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Stifel Nicolaus decreased their target price on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Finally, Canaccord Genuity Group upped their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

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.