EAM Investors LLC Makes New $700,000 Investment in Spire Global, Inc. (NYSE:SPIR)

EAM Investors LLC purchased a new position in Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 49,746 shares of the company’s stock, valued at approximately $700,000.

Several other hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares during the last quarter. Sanctuary Advisors LLC grew its holdings in shares of Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after acquiring an additional 1,700 shares during the period. Bank of New York Mellon Corp increased its position in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock valued at $718,000 after acquiring an additional 2,441 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Spire Global in the fourth quarter valued at about $37,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Spire Global by 4.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. 19.97% of the stock is owned by institutional investors.

Insider Transactions at Spire Global

In other news, CFO Leonardo Basola sold 14,228 shares of the company’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $160,349.56. Following the completion of the sale, the chief financial officer now owns 222,251 shares of the company’s stock, valued at approximately $2,504,768.77. This represents a 6.02 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Peter Platzer sold 27,564 shares of Spire Global stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the transaction, the chairman now directly owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. The trade was a 1.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 295,314 shares of company stock valued at $3,069,869. 17.11% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Spire Global from $14.50 to $15.50 and gave the stock a “buy” rating in a report on Thursday, April 10th. Robert W. Baird dropped their target price on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus reduced their price objective on Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

Spire Global Trading Down 3.6 %

Shares of SPIR opened at $8.56 on Friday. The firm has a fifty day moving average price of $9.92 and a 200-day moving average price of $12.38. The firm has a market capitalization of $265.05 million, a P/E ratio of -2.46 and a beta of 2.42. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $21.43.

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.