Nkcfo LLC Buys New Stake in Spire Global, Inc. (NYSE:SPIR)

Nkcfo LLC purchased a new stake in shares of Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 55,000 shares of the company’s stock, valued at approximately $774,000.

Several other institutional investors have also bought and sold shares of the business. Sanctuary Advisors LLC raised its position in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Spire Global by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after purchasing an additional 3,072 shares during the period. Rhumbline Advisers raised its position in Spire Global by 13.6% during the fourth quarter. Rhumbline Advisers now owns 30,007 shares of the company’s stock valued at $422,000 after purchasing an additional 3,585 shares during the period. Quest Partners LLC boosted its holdings in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after purchasing an additional 8,699 shares during the period. Finally, Penserra Capital Management LLC increased its position in shares of Spire Global by 16.5% during the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock valued at $645,000 after purchasing an additional 9,149 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Spire Global Price Performance

Spire Global stock opened at $11.74 on Friday. The firm has a 50-day moving average of $15.51 and a two-hundred day moving average of $12.34. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SPIR. Alliance Global Partners raised their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their price target on shares of Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Robert W. Baird increased their price objective on shares of Spire Global from $9.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, November 14th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.80.

Insider Activity at Spire Global

In other Spire Global news, CAO Boyd C. Johnson sold 12,373 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $182,749.21. Following the transaction, the chief accounting officer now directly owns 311,608 shares in the company, valued at $4,602,450.16. This represents a 3.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Theresa Condor sold 17,592 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the completion of the sale, the chief operating officer now owns 377,152 shares of the company’s stock, valued at approximately $5,570,535.04. This represents a 4.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,481 shares of company stock worth $1,380,714. Company 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.