Nkcfo LLC Purchases New Position in Spire Global, Inc. (NYSE:SPIR)

Nkcfo LLC acquired a new stake in Spire Global, Inc. (NYSE:SPIR) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 55,000 shares of the company’s stock, valued at approximately $774,000. Nkcfo LLC owned approximately 0.23% of Spire Global at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its holdings in shares of Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after purchasing an additional 148,803 shares during the last quarter. Stifel Financial Corp raised its stake in Spire Global by 45.7% during the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after buying an additional 76,119 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Spire Global during the 3rd quarter valued at $629,000. Geode Capital Management LLC lifted its holdings in shares of Spire Global by 9.0% during the 3rd quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock valued at $5,057,000 after buying an additional 41,612 shares during the period. Finally, XTX Topco Ltd purchased a new position in shares of Spire Global in the 3rd quarter worth $392,000. Institutional investors own 19.97% of the company’s stock.

Insider Activity at Spire Global

In other news, CEO Peter Platzer sold 50,238 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total value of $742,015.26. Following the transaction, the chief executive officer now owns 1,891,703 shares of the company’s stock, valued at approximately $27,940,453.31. The trade was a 2.59 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Theresa Condor sold 17,592 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $14.77, for a total transaction of $259,833.84. Following the transaction, the chief operating officer now directly owns 377,152 shares of the company’s stock, valued at $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 93,481 shares of company stock worth $1,380,714. 17.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Alliance Global Partners increased their target price on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Canaccord Genuity Group boosted their target price on shares of Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Finally, Robert W. Baird increased their price target 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. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.80.

Spire Global Trading Up 2.4 %

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

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.