Marshall Wace LLP Makes New $393,000 Investment in Spire Global, Inc. (NYSE:SPIR)

Marshall Wace LLP bought a new stake in Spire Global, Inc. (NYSE:SPIR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 27,900 shares of the company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Spire Global during the fourth quarter valued at approximately $37,000. Promus Capital LLC bought a new stake in shares of Spire Global during the 4th quarter worth $135,000. JPMorgan Chase & Co. boosted its stake in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares in the last quarter. Wells Fargo & Company MN grew its position in Spire Global by 50.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock valued at $148,000 after acquiring an additional 3,553 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Spire Global during the fourth quarter worth about $150,000. Institutional investors own 19.97% of the company’s stock.

Insider Activity at Spire Global

In other news, Chairman Peter Platzer sold 145,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the transaction, the chairman now owns 1,694,757 shares in the company, valued at approximately $17,591,577.66. The trade was a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Leonardo Basola sold 14,228 shares of the stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $160,349.56. Following the sale, the chief financial officer now owns 222,251 shares of the company’s stock, valued at approximately $2,504,768.77. This trade represents a 6.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock worth $3,069,869 over the last three months. Company insiders own 17.11% of the company’s stock.

Spire Global Stock Performance

Shares of NYSE SPIR opened at $9.70 on Friday. The stock has a market cap of $300.38 million, a P/E ratio of -2.79 and a beta of 2.42. The firm has a 50 day moving average price of $9.28 and a two-hundred day moving average price of $12.38. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Robert W. Baird reduced their price target on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. Canaccord Genuity Group boosted their target price on shares of Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus lowered their price target on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $17.80.

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.