Spire Global, Inc. (NYSE:SPIR) Shares Sold by Marshall Wace LLP

Marshall Wace LLP decreased its stake in Spire Global, Inc. (NYSE:SPIR) by 33.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 140,726 shares of the company’s stock after selling 70,041 shares during the quarter. Marshall Wace LLP owned approximately 0.58% of Spire Global worth $1,525,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SPIR. Pathway Financial Advisers LLC bought a new stake in shares of Spire Global during the first quarter worth $27,000. nVerses Capital LLC acquired a new stake in shares of Spire Global during the second quarter worth about $37,000. K.J. Harrison & Partners Inc acquired a new stake in shares of Spire Global during the first quarter worth $176,000. Rhumbline Advisers boosted its position in Spire Global by 2,221.7% during the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock worth $293,000 after acquiring an additional 25,905 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Spire Global during the 2nd quarter worth approximately $722,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SPIR has been the subject of a number of research reports. Robert W. Baird restated a “neutral” rating and set a $9.00 target price (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Alliance Global Partners reaffirmed a “buy” rating on shares of Spire Global in a research note on Thursday, June 13th. Raymond James reissued a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Canaccord Genuity Group reaffirmed a “buy” rating and set a $12.00 price target (down from $20.00) on shares of Spire Global in a research note on Tuesday, September 10th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $13.67.

Spire Global Price Performance

SPIR stock opened at $9.91 on Friday. The company has a market capitalization of $240.99 million, a PE ratio of -2.85 and a beta of 1.97. The company’s fifty day moving average price is $9.58 and its 200-day moving average price is $10.48. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global, Inc. has a one year low of $3.27 and a one year high of $19.40.

About Spire Global

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.