Jane Street Group LLC Sells 35,348 Shares of Spire Global, Inc. (NYSE:SPIR)

Jane Street Group LLC decreased its stake in shares of Spire Global, Inc. (NYSE:SPIR) by 63.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,092 shares of the company’s stock after selling 35,348 shares during the quarter. Jane Street Group LLC owned about 0.08% of Spire Global worth $283,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after purchasing an additional 597 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock valued at $718,000 after purchasing an additional 2,441 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in Spire Global during the fourth quarter valued at $37,000. Barclays PLC lifted its position in Spire Global by 10.8% during the fourth quarter. Barclays PLC now owns 35,325 shares of the company’s stock valued at $497,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Spire Global by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock valued at $7,172,000 after purchasing an additional 3,551 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Stock Performance

Shares of NYSE:SPIR opened at $10.48 on Wednesday. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The stock has a market capitalization of $325.69 million, a P/E ratio of -3.01 and a beta of 2.39. The stock has a 50-day simple moving average of $9.66 and a 200-day simple moving average of $12.39.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SPIR. Stifel Nicolaus lowered their target price 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. Robert W. Baird raised their target price on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 15th. Finally, Canaccord Genuity Group raised 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, April 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $18.20.

Insider Activity

In related news, Chairman Peter Platzer sold 27,293 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the completion of the transaction, the chairman now owns 1,588,609 shares of the company’s stock, valued at $14,742,291.52. This trade represents a 1.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.11% of the company’s stock.

About Spire Global

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.