Squarepoint Ops LLC Has $204,000 Holdings in Spire Global, Inc. (NYSE:SPIR)

Squarepoint Ops LLC trimmed its position in shares of Spire Global, Inc. (NYSE:SPIR) by 19.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,860 shares of the company’s stock after selling 4,556 shares during the period. Squarepoint Ops LLC owned 0.08% of Spire Global worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. NewGen Asset Management Ltd grew its position in shares of Spire Global by 406.3% in the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after acquiring an additional 325,000 shares during the period. Ancora Advisors LLC raised its holdings in shares of Spire Global by 429.2% in the 1st quarter. Ancora Advisors LLC now owns 329,457 shares of the company’s stock valued at $3,953,000 after purchasing an additional 267,197 shares during the period. CVI Holdings LLC acquired a new stake in Spire Global in the 1st quarter valued at about $3,131,000. Vanguard Group Inc. grew its holdings in Spire Global by 23.1% during the first quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after purchasing an additional 144,047 shares during the period. Finally, ARS Investment Partners LLC acquired a new position in Spire Global during the second quarter worth approximately $806,000. 19.97% of the stock is owned by institutional investors.

Spire Global Stock Up 4.8 %

SPIR opened at $9.45 on Friday. The stock has a fifty day moving average of $9.19 and a 200-day moving average of $10.35. The company has a market capitalization of $229.82 million, a P/E ratio of -2.72 and a beta of 1.97. Spire Global, Inc. has a fifty-two week low of $3.27 and a fifty-two week high of $19.40. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24.

Analyst Ratings Changes

SPIR has been the subject of a number of recent analyst reports. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price objective (down from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Robert W. Baird reiterated a “neutral” rating and issued a $9.00 price objective (down from $15.00) on shares of Spire Global in a report on Thursday, August 15th. Raymond James restated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Finally, Craig Hallum lowered shares of Spire Global from a “buy” rating to a “hold” rating and decreased their price target for the company from $13.00 to $8.00 in a research note on Thursday, August 15th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Spire Global currently has an average rating of “Hold” and a consensus price target of $13.67.

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.