Divisadero Street Capital Management LP Makes New Investment in Spire Global, Inc. (NYSE:SPIR)

Divisadero Street Capital Management LP bought a new stake in Spire Global, Inc. (NYSE:SPIR) in the 4th quarter, Holdings Channel.com reports. The fund bought 38,365 shares of the company’s stock, valued at approximately $540,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Spire Global in the fourth quarter worth about $42,000. Northern Trust Corp grew its position in shares of Spire Global by 6.4% during the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after buying an additional 11,373 shares during the period. Marshall Wace LLP bought a new stake in shares of Spire Global during the fourth quarter worth approximately $393,000. EAM Investors LLC acquired a new position in Spire Global in the fourth quarter valued at approximately $700,000. Finally, Barclays PLC boosted its stake in Spire Global by 10.8% in the fourth quarter. Barclays PLC now owns 35,325 shares of the company’s stock valued at $497,000 after acquiring an additional 3,450 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Price Performance

NYSE:SPIR opened at $9.46 on Wednesday. The business’s 50-day simple moving average is $9.21 and its 200-day simple moving average is $12.38. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The stock has a market capitalization of $293.01 million, a PE ratio of -2.72 and a beta of 2.39.

Wall Street Analyst Weigh In

Several brokerages have commented on SPIR. 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. Stifel Nicolaus dropped their price objective on Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group raised their target price on Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.80.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 27,564 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total transaction of $236,223.48. Following the completion of the transaction, the chairman now owns 1,615,902 shares in the company, valued at approximately $13,848,280.14. This represents a 1.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theresa Condor sold 17,979 shares of Spire Global stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the sale, the chief executive officer now directly owns 359,173 shares in the company, valued at $4,047,879.71. This represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 295,314 shares of company stock worth $3,069,869. Company insiders own 17.11% of the company’s stock.

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.