SBI Securities Co. Ltd. Takes Position in Spire Global, Inc. (NYSE:SPIR)

SBI Securities Co. Ltd. bought a new stake in shares of Spire Global, Inc. (NYSE:SPIR) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,619 shares of the company’s stock, valued at approximately $37,000.

Several other institutional investors also recently made changes to their positions in the stock. Sanctuary Advisors LLC grew its holdings in shares of Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after purchasing an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Spire Global by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock worth $718,000 after buying an additional 2,441 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after buying an additional 3,072 shares in the last quarter. Rhumbline Advisers grew its holdings in Spire Global by 13.6% in the 4th quarter. Rhumbline Advisers now owns 30,007 shares of the company’s stock worth $422,000 after buying an additional 3,585 shares in the last quarter. Finally, Quest Partners LLC grew 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 in the last quarter. 19.97% of the stock is owned by institutional investors.

Spire Global Price Performance

SPIR opened at $9.82 on Wednesday. The company has a market capitalization of $252.72 million, a price-to-earnings ratio of -2.82 and a beta of 2.34. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year high of $21.43. The business has a 50 day moving average price of $14.57 and a two-hundred day moving average price of $12.52.

Insiders Place Their Bets

In other news, CFO Leonardo Basola sold 14,228 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $160,349.56. Following the completion of the sale, the chief financial officer now owns 222,251 shares in the company, valued at approximately $2,504,768.77. This represents a 6.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Peter Platzer sold 145,600 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the sale, the chairman now owns 1,694,757 shares of the company’s stock, valued at $17,591,577.66. This trade represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 240,457 shares of company stock worth $2,580,366 over the last ninety days. Company insiders own 17.11% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SPIR. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Alliance Global Partners increased their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group increased their price objective on Spire Global from $11.50 to $15.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Finally, Robert W. Baird increased their price objective on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.40.

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.