Charles Schwab Investment Management Inc. Increases Stock Holdings in Spire Global, Inc. (NYSE:SPIR)

Charles Schwab Investment Management Inc. boosted its stake in shares of Spire Global, Inc. (NYSE:SPIR) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 69,480 shares of the company’s stock after buying an additional 3,072 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of Spire Global worth $694,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. nVerses Capital LLC purchased a new stake in shares of Spire Global in the second quarter valued at $37,000. Quest Partners LLC raised 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 worth $87,000 after purchasing an additional 8,699 shares during the period. Sanctuary Advisors LLC bought a new stake in shares of Spire Global during the 2nd quarter worth approximately $106,000. Van ECK Associates Corp purchased a new stake in Spire Global in the third quarter worth $172,000. Finally, Rhumbline Advisers grew its holdings in shares of Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock worth $293,000 after purchasing an additional 25,905 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPIR has been the topic of a number of research reports. Alliance Global Partners raised their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Raymond James reiterated a “market perform” rating on shares of Spire Global in a report on Wednesday, August 28th. 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 upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $20.00 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 report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.60.

Insider Transactions at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 12,373 shares of the company’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 $182,749.21. Following the sale, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. This represents a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction dated Thursday, November 21st. The stock was 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 $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 93,481 shares of company stock worth $1,380,714. Company insiders own 17.11% of the company’s stock.

Spire Global Price Performance

Shares of NYSE SPIR opened at $12.51 on Thursday. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $19.40. The company has a market cap of $304.22 million, a PE ratio of -3.59 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. The business has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $11.00.

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.