Barclays PLC Purchases 24,312 Shares of Spire Global, Inc. (NYSE:SPIR)

Barclays PLC increased its position in shares of Spire Global, Inc. (NYSE:SPIR) by 321.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,875 shares of the company’s stock after acquiring an additional 24,312 shares during the quarter. Barclays PLC owned about 0.13% of Spire Global worth $318,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Spire Global during the third quarter worth about $392,000. Harbor Capital Advisors Inc. purchased a new stake in Spire Global during the 3rd quarter worth approximately $629,000. Stifel Financial Corp increased its stake in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Spire Global in the second quarter worth $722,000. Finally, State Street Corp lifted its stake in shares of Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after buying an additional 148,803 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SPIR. Robert W. Baird upped their target price on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their target price on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their price target for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Finally, Alliance Global Partners lifted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Trading Up 7.3 %

Shares of NYSE:SPIR opened at $15.55 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $19.40. The business has a 50 day moving average of $13.53 and a two-hundred day moving average of $11.36. The company has a market capitalization of $378.14 million, a PE ratio of -4.47 and a beta of 2.22.

Insider Activity

In related news, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $182,749.21. Following the sale, the chief accounting officer now owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. This trade represents a 3.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $259,833.84. Following the transaction, the chief operating officer now owns 377,152 shares of the company’s stock, valued at $5,570,535.04. This represents a 4.46 % decrease in their ownership of the stock. 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 in the last three months. 17.11% of the stock is currently owned by corporate insiders.

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.