State Street Corp Has $4.28 Million Stake in Spire Global, Inc. (NYSE:SPIR)

State Street Corp lifted its holdings in Spire Global, Inc. (NYSE:SPIR) by 53.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 428,854 shares of the company’s stock after acquiring an additional 148,803 shares during the quarter. State Street Corp’s holdings in Spire Global were worth $4,284,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of SPIR. Stifel Financial Corp lifted 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 in the last quarter. MetLife Investment Management LLC bought a new position in shares of Spire Global in the third quarter worth about $136,000. Penserra Capital Management LLC lifted its position in shares of Spire Global by 16.5% during the third quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after purchasing an additional 9,149 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Spire Global by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Quest Partners LLC increased its holdings 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 in the last quarter. 19.97% of the stock is currently owned by institutional investors.

Spire Global Stock Down 2.9 %

NYSE:SPIR opened at $14.51 on Monday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $19.40. The stock’s fifty day simple moving average is $12.99 and its 200-day simple moving average is $11.23. The firm has a market capitalization of $352.85 million, a P/E ratio of -4.17 and a beta of 2.22.

Insider Buying and Selling at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 12,373 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total value of $182,749.21. Following the completion of the transaction, the chief accounting officer now directly owns 311,608 shares of the company’s stock, valued at approximately $4,602,450.16. The trade was a 3.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Theresa Condor sold 17,592 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 $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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 93,481 shares of company stock valued at $1,380,714. 17.11% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several research reports. Canaccord Genuity Group upped their price objective on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and upped their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Alliance Global Partners lifted their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird upped their target price on shares of Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a research report on Thursday, November 14th. Three equities research 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 an average rating of “Moderate Buy” and an average price target of $19.60.

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.