126,069 Shares in Spire Global, Inc. (NYSE:SPIR) Bought by Granahan Investment Management LLC

Granahan Investment Management LLC purchased a new stake in Spire Global, Inc. (NYSE:SPIR) in the 4th quarter, HoldingsChannel reports. The fund purchased 126,069 shares of the company’s stock, valued at approximately $1,774,000.

Several other institutional investors have also recently made changes to their positions in the stock. Divisadero Street Capital Management LP bought a new stake in Spire Global in the 4th quarter valued at about $540,000. BNP Paribas Financial Markets acquired a new stake in Spire Global in the fourth quarter valued at approximately $42,000. Northern Trust Corp increased its holdings in shares of Spire Global by 6.4% during the fourth quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock valued at $2,651,000 after acquiring an additional 11,373 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Spire Global during the fourth quarter worth approximately $393,000. Finally, EAM Investors LLC acquired a new stake in Spire Global in the 4th quarter valued at $700,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analyst Ratings Changes

SPIR has been the topic of several research reports. Stifel Nicolaus lowered their price objective 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. Canaccord Genuity Group upped their target price on shares of Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. Finally, Robert W. Baird cut their price target on Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.80.

Spire Global Price Performance

SPIR opened at $9.78 on Friday. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm has a market capitalization of $302.86 million, a P/E ratio of -2.81 and a beta of 2.39. The company’s 50-day moving average is $9.13 and its 200 day moving average is $12.39.

Insiders Place Their Bets

In related news, Chairman Peter Platzer sold 51,346 shares of Spire Global stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the sale, the chairman now directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theresa Condor sold 17,979 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 359,173 shares of the company’s stock, valued at $4,047,879.71. This trade represents a 4.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 295,314 shares of company stock valued at $3,069,869 in the last 90 days. 17.11% of the stock is currently owned by corporate insiders.

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.