Two Sigma Investments LP Raises Holdings in Spire Global, Inc. (NYSE:SPIR)

Two Sigma Investments LP grew its position in Spire Global, Inc. (NYSE:SPIR) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,009 shares of the company’s stock after buying an additional 1,550 shares during the quarter. Two Sigma Investments LP owned 0.16% of Spire Global worth $535,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of Spire Global in the 4th quarter worth $37,000. BNP Paribas Financial Markets purchased a new stake in Spire Global during the 4th quarter valued at about $42,000. Promus Capital LLC purchased a new stake in shares of Spire Global in the fourth quarter worth about $135,000. JPMorgan Chase & Co. boosted its stake in shares of Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after buying an additional 597 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of Spire Global by 50.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock worth $148,000 after buying an additional 3,553 shares during the last quarter. 19.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SPIR has been the topic of a number of recent analyst reports. Robert W. Baird increased their price target on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 15th. Canaccord Genuity Group increased their price target on Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Finally, Stifel Nicolaus cut their price target on Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $18.20.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 27,293 shares of the firm’s stock in a transaction on 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 directly owns 1,588,609 shares in the company, valued at $14,742,291.52. This trade represents a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 17.11% of the company’s stock.

Spire Global Stock Performance

Shares of Spire Global stock opened at $11.46 on Monday. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The stock has a 50 day moving average of $9.84 and a 200 day moving average of $12.30. The firm has a market capitalization of $356.14 million, a price-to-earnings ratio of -3.29 and a beta of 2.38.

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.