Spire Global, Inc. (NYSE:SPIR) Shares Bought by Quest Partners LLC

Quest Partners LLC increased its holdings in Spire Global, Inc. (NYSE:SPIR) by 869,900.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,700 shares of the company’s stock after buying an additional 8,699 shares during the period. Quest Partners LLC’s holdings in Spire Global were worth $87,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Pathway Financial Advisers LLC bought a new position in Spire Global in the first quarter worth about $27,000. nVerses Capital LLC bought a new stake in shares of Spire Global in the 2nd quarter worth approximately $37,000. Sanctuary Advisors LLC acquired a new position in Spire Global during the 2nd quarter valued at approximately $106,000. Van ECK Associates Corp bought a new position in Spire Global during the 3rd quarter worth $172,000. Finally, Rhumbline Advisers increased its position in 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 buying an additional 25,905 shares during the period. Institutional investors own 19.97% of the company’s stock.

Insider Buying and Selling

In other news, CAO Boyd C. Johnson sold 12,373 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $182,749.21. Following the transaction, the chief accounting officer now directly owns 311,608 shares in the company, valued at approximately $4,602,450.16. This trade represents a 3.82 % decrease in their position. The sale 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 business’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $742,015.26. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 93,481 shares of company stock valued at $1,380,714 over the last quarter. Corporate insiders own 17.11% of the company’s stock.

Spire Global Stock Up 1.1 %

SPIR stock opened at $16.34 on Friday. The firm’s 50-day moving average is $11.25 and its two-hundred day moving average is $10.58. The company has a market capitalization of $397.39 million, a price-to-earnings ratio of -4.70 and a beta of 1.96. Spire Global, Inc. has a 52 week low of $4.71 and a 52 week high of $19.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SPIR shares. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and boosted their price target for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Robert W. Baird boosted their target price on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, November 14th. Raymond James restated a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Baird R W downgraded Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Finally, Canaccord Genuity Group raised their target price on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $19.60.

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.