Harbor Capital Advisors Inc. grew its stake in shares of Spire Global, Inc. (NYSE:SPIR – Free Report) by 62.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 102,090 shares of the company’s stock after acquiring an additional 39,175 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.42% of Spire Global worth $1,436,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Sanctuary Advisors LLC lifted its position 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 purchasing an additional 1,700 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after acquiring an additional 3,072 shares during the period. Quest Partners LLC boosted its position in shares of 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 acquiring an additional 8,699 shares in the last quarter. Penserra Capital Management LLC increased its stake in Spire Global by 16.5% in the third quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after acquiring an additional 9,149 shares during the last quarter. Finally, MetLife Investment Management LLC acquired a new position in Spire Global during the third quarter valued at approximately $136,000. 19.97% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CFO Leonardo Basola sold 13,278 shares of Spire Global stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $196,116.06. Following the completion of the transaction, the chief financial officer now owns 236,479 shares of the company’s stock, valued at $3,492,794.83. This trade represents a 5.32 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Theresa Condor sold 17,592 shares of the company’s stock in a transaction 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 sale, the chief operating officer now directly owns 377,152 shares in the company, 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 a total of 93,481 shares of company stock worth $1,380,714 in the last ninety days. Company insiders own 17.11% of the company’s stock.
Spire Global Stock Performance
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on SPIR. Alliance Global Partners lifted their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Robert W. Baird increased their target price on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $19.60.
Read Our Latest Stock Analysis on SPIR
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.
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