62,915 Shares in Spire Global, Inc. (NYSE:SPIR) Bought by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. purchased a new stake in shares of Spire Global, Inc. (NYSE:SPIR) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,915 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Spire Global by 23.1% during the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock worth $9,220,000 after purchasing an additional 144,047 shares during the last quarter. CVI Holdings LLC acquired a new position in shares of Spire Global during the first quarter worth approximately $3,131,000. Russell Investments Group Ltd. boosted its position in shares of Spire Global by 225.5% in the first quarter. Russell Investments Group Ltd. now owns 71,102 shares of the company’s stock valued at $853,000 after acquiring an additional 49,258 shares during the period. NewGen Asset Management Ltd raised its stake in Spire Global by 406.3% during the 2nd quarter. NewGen Asset Management Ltd now owns 405,000 shares of the company’s stock valued at $4,390,000 after purchasing an additional 325,000 shares during the last quarter. Finally, DNB Asset Management AS boosted its holdings in Spire Global by 117.5% in the 2nd quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after purchasing an additional 57,137 shares during the period. 19.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SPIR shares. Craig Hallum lowered shares of Spire Global from a “buy” rating to a “hold” rating and cut their price objective for the company from $13.00 to $8.00 in a research report on Thursday, August 15th. Robert W. Baird reiterated a “neutral” rating and issued a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research report on Thursday, August 15th. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $12.00 price target (down previously from $20.00) on shares of Spire Global in a report on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Spire Global presently has an average rating of “Hold” and an average target price of $13.67.

Spire Global Stock Performance

Shares of NYSE:SPIR opened at $11.42 on Thursday. The company has a debt-to-equity ratio of 1.35, a current ratio of 2.24 and a quick ratio of 2.24. The business’s fifty day moving average price is $9.49 and its two-hundred day moving average price is $10.15. Spire Global, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $19.40. The stock has a market capitalization of $277.73 million, a price-to-earnings ratio of -3.28 and a beta of 1.96.

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.