BNP Paribas Financial Markets Purchases New Holdings in Spire Global, Inc. (NYSE:SPIR)

BNP Paribas Financial Markets purchased a new stake in Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,989 shares of the company’s stock, valued at approximately $42,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after buying an additional 64,632 shares in the last quarter. Geode Capital Management LLC lifted its stake in Spire Global by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after purchasing an additional 3,551 shares in the last quarter. Northern Trust Corp lifted its stake in Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Spire Global in the 4th quarter worth approximately $1,902,000. Finally, Nkcfo LLC purchased a new position in Spire Global in the 4th quarter worth approximately $774,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SPIR. Robert W. Baird raised their target price on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 15th. Canaccord Genuity Group raised their target price on shares of Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research note on Tuesday, April 29th. Finally, Stifel Nicolaus decreased their target price on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research note on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.20.

Spire Global Stock Performance

SPIR stock opened at $10.48 on Wednesday. The firm has a market cap of $325.69 million, a PE ratio of -3.01 and a beta of 2.39. The firm’s 50 day moving average price is $9.66 and its 200-day moving average price is $12.39. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43.

Insider Activity

In other news, Chairman Peter Platzer sold 27,293 shares of Spire Global stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $9.28, for a total transaction of $253,279.04. Following the sale, the chairman now owns 1,588,609 shares of the company’s stock, valued at approximately $14,742,291.52. The trade was a 1.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.11% of the company’s stock.

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.