Rhumbline Advisers lifted its holdings in Spire Global, Inc. (NYSE:SPIR – Free Report) by 6.9% in the 1st quarter, Holdings Channel reports. The firm owned 32,075 shares of the company’s stock after buying an additional 2,068 shares during the quarter. Rhumbline Advisers’ holdings in Spire Global were worth $259,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of Spire Global during the 4th quarter worth $37,000. BNP Paribas Financial Markets bought a new stake in shares of Spire Global during the 4th quarter worth $42,000. Promus Capital LLC bought a new stake in shares of Spire Global during the 4th quarter worth $135,000. JPMorgan Chase & Co. boosted its holdings in shares of Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after buying an additional 597 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Spire Global by 50.8% during the 4th quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock worth $148,000 after buying an additional 3,553 shares during the period. 19.97% of the stock is owned by institutional investors.
Insider Activity
In other news, Director Stephen Messer sold 16,660 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $10.85, for a total value of $180,761.00. Following the completion of the transaction, the director now directly owns 82,062 shares of the company’s stock, valued at approximately $890,372.70. This represents a 16.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total value of $253,279.04. Following the completion of the transaction, the chairman now directly owns 1,588,609 shares of the company’s stock, valued at approximately $14,742,291.52. The trade was a 1.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.68% of the stock is currently owned by company insiders.
Spire Global Trading Up 2.7%
Analyst Ratings Changes
Several analysts recently issued reports on SPIR shares. Robert W. Baird upped their price objective on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Canaccord Genuity Group raised their price objective on shares of Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus lowered their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and a consensus target price of $18.20.
View Our Latest Research Report on SPIR
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.
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