Y Intercept Hong Kong Ltd Makes New $345,000 Investment in Spire Global, Inc. $SPIR

Y Intercept Hong Kong Ltd bought a new stake in Spire Global, Inc. (NYSE:SPIR) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 29,002 shares of the company’s stock, valued at approximately $345,000.

A number of other institutional investors have also recently made changes to their positions in SPIR. 325 Capital LLC acquired a new position in Spire Global in the 1st quarter valued at $15,169,000. Alyeska Investment Group L.P. acquired a new stake in Spire Global during the 1st quarter worth $10,056,000. Granahan Investment Management LLC grew its holdings in shares of Spire Global by 803.6% during the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company’s stock worth $9,216,000 after buying an additional 1,013,106 shares in the last quarter. Lane Generational LLC raised its position in shares of Spire Global by 11.8% in the second quarter. Lane Generational LLC now owns 542,741 shares of the company’s stock valued at $6,459,000 after buying an additional 57,124 shares during the last quarter. Finally, Herald Investment Management Ltd lifted its stake in shares of Spire Global by 67.9% in the second quarter. Herald Investment Management Ltd now owns 386,249 shares of the company’s stock worth $4,596,000 after buying an additional 156,249 shares in the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Trading Up 1.6%

Shares of SPIR opened at $8.89 on Friday. Spire Global, Inc. has a 12-month low of $6.85 and a 12-month high of $21.43. The firm has a market capitalization of $290.88 million, a P/E ratio of 18.14 and a beta of 2.41. The firm has a 50-day moving average price of $10.98 and a 200 day moving average price of $10.67.

Analysts Set New Price Targets

SPIR has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Spire Global in a research note on Wednesday, October 8th. Wall Street Zen upgraded Spire Global from a “sell” rating to a “hold” rating in a report on Saturday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $18.20.

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.