AWM Investment Company Inc. Purchases 243,246 Shares of Spire Global, Inc. $SPIR

AWM Investment Company Inc. boosted its holdings in shares of Spire Global, Inc. (NYSE:SPIR) by 1,044.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266,545 shares of the company’s stock after acquiring an additional 243,246 shares during the period. AWM Investment Company Inc. owned about 0.86% of Spire Global worth $3,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SPIR. AlphaQuest LLC lifted its position 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 during the period. Murchinson Ltd. bought a new position in Spire Global in the first quarter worth approximately $81,000. Police & Firemen s Retirement System of New Jersey lifted its holdings in Spire Global by 55.3% during the second quarter. Police & Firemen s Retirement System of New Jersey now owns 6,963 shares of the company’s stock worth $83,000 after buying an additional 2,479 shares during the period. Deutsche Bank AG lifted its holdings in Spire Global by 22.0% during the first quarter. Deutsche Bank AG now owns 14,143 shares of the company’s stock worth $114,000 after buying an additional 2,554 shares during the period. Finally, Walleye Capital LLC bought a new stake in Spire Global during the 1st quarter valued at $140,000. Institutional investors own 19.97% of the company’s stock.

Spire Global Trading Down 3.5%

NYSE:SPIR opened at $9.61 on Friday. Spire Global, Inc. has a twelve month low of $6.85 and a twelve month high of $21.43. The company has a market cap of $314.44 million, a PE ratio of 19.61 and a beta of 2.43. The company’s 50 day moving average is $9.98 and its two-hundred day moving average is $10.35.

Analyst Ratings Changes

SPIR has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a research report on Monday. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $12.00 price target (down from $16.00) on shares of Spire Global in a report on Wednesday, November 12th. Finally, Wall Street Zen raised Spire Global from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.33.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 117,236 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $8.40, for a total value of $984,782.40. Following the transaction, the chairman directly owned 1,476,164 shares of the company’s stock, valued at $12,399,777.60. This represents a 7.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.68% of the stock is owned by company insiders.

Spire Global Company 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.