Spire Global, Inc. (NYSE:SPIR) Shares Sold by ARS Investment Partners LLC

ARS Investment Partners LLC lowered its position in shares of Spire Global, Inc. (NYSE:SPIR) by 41.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,623 shares of the company’s stock after selling 19,264 shares during the period. ARS Investment Partners LLC owned about 0.11% of Spire Global worth $389,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp acquired a new position in Spire Global in the 2nd quarter valued at about $722,000. Rhumbline Advisers boosted its holdings 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 purchasing an additional 25,905 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Spire Global in the 2nd quarter valued at approximately $106,000. Harbor Capital Advisors Inc. purchased a new stake in Spire Global in the 3rd quarter valued at approximately $629,000. Finally, Van ECK Associates Corp purchased a new stake in Spire Global in the 3rd quarter valued at approximately $172,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Trading Up 8.1 %

Shares of NYSE:SPIR opened at $17.98 on Tuesday. The business’s fifty day moving average price is $14.34 and its two-hundred day moving average price is $11.66. Spire Global, Inc. has a one year low of $6.26 and a one year high of $19.40.

Insider Buying and Selling at Spire Global

In related news, CEO Peter Platzer sold 50,238 shares of the 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 transaction, the chief executive officer now directly owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. This trade represents a 2.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction on 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 in the company, valued at $4,602,450.16. This trade represents a 3.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPIR has been the topic of a number of analyst reports. Robert W. Baird lifted their price objective on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and boosted their price target for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their price target on Spire Global from $12.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Alliance Global Partners boosted their price target 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.