Stifel Financial Corp Acquires 76,119 Shares of Spire Global, Inc. (NYSE:SPIR)

Stifel Financial Corp grew its holdings in shares of Spire Global, Inc. (NYSE:SPIRFree Report) by 45.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 242,660 shares of the company’s stock after purchasing an additional 76,119 shares during the quarter. Stifel Financial Corp owned about 1.00% of Spire Global worth $2,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of SPIR. nVerses Capital LLC acquired a new position in Spire Global during the second quarter worth $37,000. Quest Partners LLC increased its holdings in shares of Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after acquiring an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Spire Global in the 2nd quarter valued at approximately $106,000. MetLife Investment Management LLC acquired a new stake in Spire Global in the 3rd quarter worth approximately $136,000. Finally, Van ECK Associates Corp bought a new stake in Spire Global during the third quarter worth approximately $172,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Insider Buying and Selling

In related news, CEO Peter Platzer sold 50,238 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the completion of the transaction, the chief executive officer now owns 1,891,703 shares in the company, valued at $27,940,453.31. This trade represents a 2.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Theresa Condor sold 17,592 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $259,833.84. Following the completion of the sale, the chief operating officer now directly owns 377,152 shares in the company, valued at approximately $5,570,535.04. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 over the last ninety days. 17.11% of the stock is owned by company insiders.

Spire Global Price Performance

Shares of SPIR stock opened at $12.51 on Thursday. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $19.40. The company has a market capitalization of $304.22 million, a P/E ratio of -3.59 and a beta of 2.22. The stock has a 50 day moving average of $12.37 and a two-hundred day moving average of $11.00. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Analyst Ratings Changes

SPIR has been the subject of a number of analyst reports. Raymond James restated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and raised their price target for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Alliance Global Partners raised their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Robert W. Baird upped their price target on Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Read Our Latest Stock Analysis on SPIR

Spire Global Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Spire Global (NYSE:SPIR)

Receive News & Ratings for Spire Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Global and related companies with MarketBeat.com's FREE daily email newsletter.