Walleye Capital LLC Makes New Investment in Spire Global, Inc. $SPIR

Walleye Capital LLC bought a new position in Spire Global, Inc. (NYSE:SPIR) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 17,308 shares of the company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Two Sigma Investments LP increased its stake in shares of Spire Global by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock worth $535,000 after acquiring an additional 1,550 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Spire Global by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company’s stock worth $427,000 after acquiring an additional 1,712 shares during the last quarter. Rhumbline Advisers increased its stake in shares of Spire Global by 6.9% in the 1st quarter. Rhumbline Advisers now owns 32,075 shares of the company’s stock worth $259,000 after acquiring an additional 2,068 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Spire Global by 22.0% during the 1st quarter. Deutsche Bank AG now owns 14,143 shares of the company’s stock worth $114,000 after purchasing an additional 2,554 shares during the period. Finally, BNP Paribas Financial Markets purchased a new position in shares of Spire Global during the 4th quarter worth $42,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Spire Global

In related news, Director Stephen Messer sold 16,660 shares of the firm’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $10.85, for a total transaction of $180,761.00. Following the completion of the transaction, the director directly owned 82,062 shares in the company, valued at $890,372.70. This trade represents a 16.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Peter Platzer sold 130,191 shares of the firm’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $12.25, for a total value of $1,594,839.75. Following the transaction, the chairman owned 1,614,199 shares of the company’s stock, valued at $19,773,937.75. This trade represents a 7.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 193,557 shares of company stock valued at $2,259,464 over the last 90 days. 14.68% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Robert W. Baird increased their price target on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 15th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Spire Global Price Performance

Shares of Spire Global stock opened at $8.86 on Friday. The business has a 50-day moving average of $10.35 and a 200 day moving average of $10.12. Spire Global, Inc. has a 12 month low of $6.85 and a 12 month high of $21.43. The stock has a market capitalization of $275.31 million, a price-to-earnings ratio of -2.55 and a beta of 2.38.

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.