Bank of New York Mellon Corp Boosts Stake in Spire Global, Inc. (NYSE:SPIR)

Bank of New York Mellon Corp grew its position in shares of Spire Global, Inc. (NYSE:SPIR) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,048 shares of the company’s stock after acquiring an additional 2,441 shares during the quarter. Bank of New York Mellon Corp owned about 0.21% of Spire Global worth $718,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Quest Partners LLC increased its position in Spire Global by 869,900.0% during 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 in the last quarter. Sanctuary Advisors LLC grew its stake in Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after buying an additional 1,700 shares during the period. MetLife Investment Management LLC acquired a new stake in shares of Spire Global in the third quarter worth $136,000. SG Americas Securities LLC purchased a new position in shares of Spire Global in the 4th quarter valued at $150,000. Finally, Barclays PLC lifted its holdings in shares of Spire Global by 321.5% during the 3rd quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after acquiring an additional 24,312 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on SPIR shares. Robert W. Baird increased their price target on Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, March 5th. Canaccord Genuity Group lowered their target price on Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a research note on Friday, March 14th. Three equities research 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, Spire Global presently has an average rating of “Moderate Buy” and an average target price of $18.30.

Insider Activity

In related news, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now owns 300,304 shares in the company, valued at approximately $3,384,426.08. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theresa Condor sold 17,979 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the transaction, the chief executive officer now owns 359,173 shares in the company, valued at $4,047,879.71. This trade represents a 4.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 268,021 shares of company stock worth $2,816,590 over the last ninety days. Corporate insiders own 17.11% of the company’s stock.

Spire Global Price Performance

Spire Global stock opened at $8.80 on Thursday. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $21.43. The company has a market capitalization of $226.47 million, a price-to-earnings ratio of -2.53 and a beta of 2.34. The firm’s fifty day moving average price is $13.47 and its 200 day moving average price is $12.54.

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.