Penserra Capital Management LLC Sells 23,750 Shares of Spire Global, Inc. $SPIR

Penserra Capital Management LLC cut its position in Spire Global, Inc. (NYSE:SPIR) by 30.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 54,817 shares of the company’s stock after selling 23,750 shares during the period. Penserra Capital Management LLC’s holdings in Spire Global were worth $652,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPIR. Bank of New York Mellon Corp increased its position in shares of Spire Global by 3.4% during the first quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company’s stock valued at $427,000 after acquiring an additional 1,712 shares in the last quarter. Rhumbline Advisers boosted its stake in Spire Global by 6.9% during the 1st quarter. Rhumbline Advisers now owns 32,075 shares of the company’s stock valued at $259,000 after purchasing an additional 2,068 shares during the last quarter. AlphaQuest LLC increased its holdings in shares of Spire Global by 99.1% in the 2nd quarter. AlphaQuest LLC now owns 4,550 shares of the company’s stock worth $54,000 after purchasing an additional 2,265 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Spire Global by 22.0% in 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 in the last quarter. Finally, Murchinson Ltd. purchased a new position in shares of Spire Global in the first quarter worth $81,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Spire Global Price Performance

SPIR stock opened at $8.39 on Wednesday. Spire Global, Inc. has a 1 year low of $6.85 and a 1 year high of $21.43. The company has a market cap of $274.39 million, a P/E ratio of 17.11 and a beta of 2.41. The stock’s fifty day moving average price is $10.96 and its 200-day moving average price is $10.67.

Spire Global 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.