Geode Capital Management LLC Buys 142,987 Shares of Spire Global, Inc. $SPIR

Geode Capital Management LLC boosted its position in Spire Global, Inc. (NYSE:SPIR) by 27.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 662,038 shares of the company’s stock after acquiring an additional 142,987 shares during the quarter. Geode Capital Management LLC owned 2.13% of Spire Global worth $7,879,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SPIR. AlphaQuest LLC boosted its holdings in shares of Spire Global by 99.1% in the 2nd quarter. AlphaQuest LLC now owns 4,550 shares of the company’s stock worth $54,000 after purchasing an additional 2,265 shares in the last quarter. Murchinson Ltd. purchased a new stake in Spire Global in the first quarter worth approximately $81,000. Deutsche Bank AG grew its position in Spire Global by 22.0% during the first quarter. Deutsche Bank AG now owns 14,143 shares of the company’s stock valued at $114,000 after acquiring an additional 2,554 shares during the last quarter. Walleye Capital LLC bought a new position in Spire Global during the first quarter valued at approximately $140,000. Finally, Resolute Advisors LLC purchased a new position in shares of Spire Global during the first quarter worth approximately $186,000. Institutional investors own 19.97% of the company’s stock.

Insider Buying and Selling at Spire Global

In other news, Chairman Peter Platzer sold 117,236 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $8.40, for a total transaction of $984,782.40. Following the completion of the sale, the chairman directly owned 1,476,164 shares in the company, valued at approximately $12,399,777.60. This represents a 7.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.68% of the company’s stock.

Spire Global Stock Down 0.8%

Shares of SPIR opened at $8.97 on Friday. The stock has a market capitalization of $293.63 million, a P/E ratio of 18.31 and a beta of 2.43. The firm has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $10.41. Spire Global, Inc. has a twelve month low of $6.85 and a twelve month high of $21.43.

Analyst Ratings Changes

SPIR has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a research note on Monday. Canaccord Genuity Group restated a “buy” rating and set a $12.00 price target (down from $16.00) on shares of Spire Global in a research report on Wednesday, November 12th. Finally, Wall Street Zen cut Spire Global from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $14.33.

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.