Two Sigma Investments LP Grows Stock Position in Spire Global, Inc. (NYSE:SPIR)

Two Sigma Investments LP lifted its stake in Spire Global, Inc. (NYSE:SPIR) by 4.3% in the fourth quarter, HoldingsChannel reports. The firm owned 38,009 shares of the company’s stock after acquiring an additional 1,550 shares during the quarter. Two Sigma Investments LP’s holdings in Spire Global were worth $535,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPIR. SBI Securities Co. Ltd. purchased a new position in Spire Global in the fourth quarter valued at $37,000. BNP Paribas Financial Markets acquired a new stake in Spire Global in the fourth quarter valued at $42,000. Promus Capital LLC acquired a new stake in Spire Global in the fourth quarter valued at $135,000. JPMorgan Chase & Co. raised 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. Finally, Wells Fargo & Company MN raised its stake 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 buying an additional 3,553 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 27,293 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total value of $253,279.04. Following the completion of the sale, the chairman now directly owns 1,588,609 shares in the company, valued at approximately $14,742,291.52. This represents a 1.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 17.11% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SPIR has been the topic of a number of research analyst reports. Robert W. Baird lifted their target price on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Stifel Nicolaus lowered their price target on Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group increased their price target on Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Spire Global Trading Up 4.2%

Shares of NYSE SPIR opened at $11.46 on Monday. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $21.43. The company has a market cap of $356.14 million, a P/E ratio of -3.29 and a beta of 2.38. The stock has a fifty day moving average price of $9.84 and a 200 day moving average price of $12.30.

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.