Jane Street Group LLC Increases Stake in Spire Global, Inc. (NYSE:SPIR)

Jane Street Group LLC lifted its stake in Spire Global, Inc. (NYSE:SPIR) by 96.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 55,440 shares of the company’s stock after purchasing an additional 27,219 shares during the quarter. Jane Street Group LLC owned about 0.23% of Spire Global worth $554,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of SPIR. Quest Partners LLC increased its holdings in Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after buying an additional 8,699 shares during the period. Sanctuary Advisors LLC acquired a new position in Spire Global in the 2nd quarter worth approximately $106,000. MetLife Investment Management LLC acquired a new position in Spire Global in the 3rd quarter worth approximately $136,000. Van ECK Associates Corp acquired a new position in Spire Global in the 3rd quarter worth approximately $172,000. Finally, Rhumbline Advisers increased its holdings in Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock worth $293,000 after buying an additional 25,905 shares during the period. 19.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Spire Global

In other Spire Global news, COO Theresa Condor sold 17,592 shares of the firm’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 $259,833.84. Following the transaction, the chief operating officer now owns 377,152 shares in the company, valued at approximately $5,570,535.04. This trade represents a 4.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Peter Platzer sold 50,238 shares of the firm’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 $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. The trade was a 2.59 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is owned by company insiders.

Spire Global Price Performance

Spire Global stock opened at $15.55 on Monday. The company’s fifty day moving average price is $13.53 and its 200 day moving average price is $11.37. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $19.40. The stock has a market capitalization of $378.14 million, a P/E ratio of -4.47 and a beta of 2.22. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Canaccord Genuity Group raised their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Robert W. Baird raised their price objective 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. Alliance Global Partners raised their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and raised their price objective for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

Spire Global Company 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.