Spire Global, Inc. (NYSE:SPIR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its position in Spire Global, Inc. (NYSE:SPIR) by 4.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,480 shares of the company’s stock after acquiring an additional 3,072 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Spire Global were worth $694,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. nVerses Capital LLC purchased a new position in shares of Spire Global during the 2nd quarter valued at approximately $37,000. Quest Partners LLC grew its position in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after purchasing an additional 8,699 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Spire Global during the second quarter worth about $106,000. Van ECK Associates Corp acquired a new position in shares of Spire Global during the 3rd quarter worth about $172,000. Finally, Rhumbline Advisers lifted its stake in Spire Global by 2,221.7% in the 2nd quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock valued at $293,000 after buying an additional 25,905 shares in the last quarter. 19.97% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Spire Global

In other news, CFO Leonardo Basola sold 13,278 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $196,116.06. Following the transaction, the chief financial officer now directly owns 236,479 shares in the company, valued at approximately $3,492,794.83. This represents a 5.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Theresa Condor sold 17,592 shares of Spire Global stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares of the company’s stock, valued at $5,570,535.04. This trade represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 93,481 shares of company stock worth $1,380,714 over the last quarter. 17.11% of the stock is currently owned by company insiders.

Spire Global Stock Down 7.6 %

SPIR stock opened at $12.51 on Thursday. The firm has a market cap of $304.22 million, a PE ratio of -3.59 and a beta of 2.22. Spire Global, Inc. has a one year low of $6.26 and a one year 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. The firm’s 50 day moving average price is $12.37 and its 200-day moving average price is $11.00.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SPIR. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research note on Wednesday, August 28th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group boosted their target price on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Robert W. Baird increased their price target on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Finally, Alliance Global Partners boosted their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.60.

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.