Rhumbline Advisers Acquires 3,585 Shares of Spire Global, Inc. (NYSE:SPIR)

Rhumbline Advisers boosted its holdings in shares of Spire Global, Inc. (NYSE:SPIR) by 13.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,007 shares of the company’s stock after acquiring an additional 3,585 shares during the period. Rhumbline Advisers owned about 0.12% of Spire Global worth $422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPIR. XTX Topco Ltd bought a new stake in shares of Spire Global in the 3rd quarter valued at about $392,000. Geode Capital Management LLC raised its position in Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after buying an additional 41,612 shares during the last quarter. Stifel Financial Corp raised its position in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after buying an additional 76,119 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Spire Global by 62.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock valued at $1,436,000 after purchasing an additional 39,175 shares during the period. Finally, Barclays PLC lifted its stake in shares of Spire Global by 321.5% in the 3rd quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after purchasing an additional 24,312 shares during the period. 19.97% of the stock is currently owned by institutional investors.

Spire Global Price Performance

NYSE SPIR opened at $10.50 on Friday. The firm’s 50-day moving average is $14.74 and its two-hundred day moving average is $12.45. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The stock has a market capitalization of $270.19 million, a P/E ratio of -3.02 and a beta of 2.34.

Insider Buying and Selling at Spire Global

In other news, CAO Boyd C. Johnson sold 11,304 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now owns 300,304 shares of the company’s stock, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Peter Platzer sold 51,346 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the sale, the chairman now directly owns 1,840,357 shares in the company, valued at $20,740,823.39. This represents a 2.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 240,457 shares of company stock valued at $2,580,366 over the last 90 days. 17.11% of the stock is owned by insiders.

Analyst Ratings Changes

SPIR has been the subject of several recent analyst reports. Robert W. Baird boosted their price target on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group upped their target price on shares of Spire Global from $11.50 to $15.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Alliance Global Partners upped their target price on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.40.

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.