Spire Global, Inc. (NYSE:SPIR) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Spire Global, Inc. (NYSE:SPIR) by 9.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 506,093 shares of the company’s stock after acquiring an additional 41,612 shares during the period. Geode Capital Management LLC owned 2.08% of Spire Global worth $5,057,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPIR. Charles Schwab Investment Management Inc. grew its stake in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares during the last quarter. Quest Partners LLC grew its position in Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the last quarter. Penserra Capital Management LLC raised its position in Spire Global by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after buying an additional 9,149 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Spire Global in the 2nd quarter worth $106,000. Finally, MetLife Investment Management LLC purchased a new stake in shares of Spire Global in the third quarter valued at about $136,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SPIR has been the topic of a number of analyst reports. Canaccord Genuity Group lifted their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and upped their price objective for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. 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 shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.60.

Spire Global Stock Up 7.3 %

SPIR opened at $15.55 on Friday. Spire Global, Inc. has a one year low of $6.26 and a one year high of $19.40. The company has a market cap of $378.14 million, a price-to-earnings ratio of -4.47 and a beta of 2.22. The business’s fifty day moving average is $13.53 and its two-hundred day moving average is $11.36. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24.

Insider Buying and Selling

In other news, CAO Boyd C. Johnson sold 12,373 shares of the business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the completion of the transaction, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $742,015.26. Following the sale, the chief executive officer now directly owns 1,891,703 shares in the company, valued at approximately $27,940,453.31. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock worth $1,380,714 in the last three months. Corporate insiders own 17.11% of the company’s stock.

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.