Cresset Asset Management LLC Lowers Holdings in Spire Global, Inc. (NYSE:SPIR)

Cresset Asset Management LLC decreased its stake in Spire Global, Inc. (NYSE:SPIR) by 14.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,744 shares of the company’s stock after selling 5,080 shares during the period. Cresset Asset Management LLC owned about 0.12% of Spire Global worth $418,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Spire Global in the 4th quarter worth $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global in the 4th quarter worth $42,000. Promus Capital LLC bought a new position in shares of Spire Global in the 4th quarter worth $135,000. JPMorgan Chase & Co. increased its holdings in shares of Spire Global by 6.1% in the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after buying an additional 597 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Spire Global by 50.8% in the 4th quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock worth $148,000 after buying an additional 3,553 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SPIR. Robert W. Baird increased their price target on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday. Stifel Nicolaus reduced their target price on shares of 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 target price on shares of Spire Global from $15.50 to $16.00 and gave the company 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’s stock. According to data from MarketBeat.com, Spire Global presently has an average rating of “Moderate Buy” and a consensus price target of $18.20.

Spire Global Stock Up 12.6%

Shares of SPIR opened at $11.72 on Friday. The stock has a market capitalization of $362.93 million, a P/E ratio of -3.37 and a beta of 2.39. The firm has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $12.40. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43.

Insider Buying and Selling at Spire Global

In other Spire Global news, CEO Theresa Condor sold 17,979 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $202,623.33. Following the completion of the sale, the chief executive officer now owns 359,173 shares of the company’s stock, valued at $4,047,879.71. This represents a 4.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Boyd C. Johnson sold 11,304 shares of the stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total transaction of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares of the company’s stock, valued at $3,384,426.08. The trade was a 3.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 in the last quarter. Company insiders own 17.11% of the company’s stock.

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.