Sanctuary Advisors LLC Buys Shares of 10,724 Spire Global, Inc. (NYSE:SPIR)

Sanctuary Advisors LLC purchased a new position in Spire Global, Inc. (NYSE:SPIR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 10,724 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds and other institutional investors have also modified their holdings of SPIR. Vanguard Group Inc. grew its stake in Spire Global by 23.1% during the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after buying an additional 144,047 shares during the last quarter. NewGen Asset Management Ltd lifted its stake in Spire Global by 406.3% in the second quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after buying an additional 325,000 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Spire Global by 429.2% during the first quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after acquiring an additional 267,197 shares during the period. CVI Holdings LLC bought a new position in shares of Spire Global during the first quarter worth about $3,131,000. Finally, Herald Investment Management Ltd increased its holdings in shares of 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 acquiring an additional 15,000 shares during the period. 19.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SPIR. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Robert W. Baird reissued a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Canaccord Genuity Group reiterated a “buy” rating and set a $12.00 price target (down previously from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Finally, Craig Hallum lowered Spire Global from a “buy” rating to a “hold” rating and lowered their price target for the company from $13.00 to $8.00 in a report on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Spire Global has an average rating of “Hold” and an average target price of $13.67.

Spire Global Stock Performance

Shares of NYSE SPIR opened at $9.25 on Tuesday. Spire Global, Inc. has a 1 year low of $3.27 and a 1 year high of $19.40. The firm has a market cap of $224.82 million, a P/E ratio of -2.66 and a beta of 1.97. The stock has a fifty day moving average price of $9.07 and a two-hundred day moving average price of $10.24. 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 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.