Raymond James Financial Inc. Invests $1.90 Million in Spire Global, Inc. (NYSE:SPIR)

Raymond James Financial Inc. acquired a new stake in Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 135,152 shares of the company’s stock, valued at approximately $1,902,000. Raymond James Financial Inc. owned about 0.56% of Spire Global as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after purchasing an additional 64,632 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Spire Global by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after buying an additional 3,551 shares during the last quarter. Harbor Capital Advisors Inc. grew its position in shares of Spire Global by 62.3% during the 4th quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock worth $1,436,000 after buying an additional 39,175 shares during the period. Jane Street Group LLC increased its stake in shares of Spire Global by 96.4% in the 3rd quarter. Jane Street Group LLC now owns 55,440 shares of the company’s stock valued at $554,000 after acquiring an additional 27,219 shares during the last quarter. Finally, Nkcfo LLC acquired a new stake in shares of Spire Global in the 4th quarter valued at approximately $774,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Stock Up 2.5 %

Shares of NYSE:SPIR opened at $9.63 on Friday. The firm has a market cap of $298.18 million, a price-to-earnings ratio of -2.77 and a beta of 2.42. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The company’s fifty day simple moving average is $9.31 and its 200 day simple moving average is $12.36.

Insiders Place Their Bets

In other news, Chairman Peter Platzer sold 51,346 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $578,669.42. Following the completion of the transaction, the chairman now directly owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This represents a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. This represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 295,314 shares of company stock worth $3,069,869. Corporate insiders own 17.11% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPIR. Stifel Nicolaus decreased their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Canaccord Genuity Group boosted their price target on shares of Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Robert W. Baird dropped their price objective on Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $17.80.

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.