Numerai GP LLC Takes $234,000 Position in Spire Global, Inc. (NYSE:SPIR)

Numerai GP LLC purchased a new position in shares of Spire Global, Inc. (NYSE:SPIR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 16,628 shares of the company’s stock, valued at approximately $234,000.

A number of other large investors have also recently made changes to their positions in the company. Barclays PLC lifted its stake in Spire Global by 321.5% in the third quarter. Barclays PLC now owns 31,875 shares of the company’s stock worth $318,000 after purchasing an additional 24,312 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Spire Global in the fourth quarter worth approximately $150,000. Van ECK Associates Corp lifted its stake in shares of Spire Global by 166.4% during the 4th quarter. Van ECK Associates Corp now owns 45,813 shares of the company’s stock worth $645,000 after acquiring an additional 28,617 shares during the last quarter. Rhumbline Advisers boosted its holdings in Spire Global by 13.6% during the 4th quarter. Rhumbline Advisers now owns 30,007 shares of the company’s stock valued at $422,000 after acquiring an additional 3,585 shares during the period. Finally, Nkcfo LLC purchased a new position in Spire Global during the 4th quarter valued at $774,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SPIR shares. Canaccord Genuity Group lifted their target price on Spire Global from $15.50 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, April 29th. Stifel Nicolaus cut their price target on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Robert W. Baird lifted their price objective on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Spire Global has an average rating of “Moderate Buy” and a consensus target price of $18.20.

Insider Activity at Spire Global

In related news, CAO Boyd C. Johnson sold 11,304 shares of the company’s stock in a transaction on Friday, February 21st. The stock was sold at an average price of $11.27, for a total transaction of $127,396.08. Following the completion of the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at $3,384,426.08. This represents a 3.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Peter Platzer sold 145,600 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the sale, the chairman now directly owns 1,694,757 shares in the company, valued at approximately $17,591,577.66. The trade was a 7.91% decrease in their position. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock worth $3,069,869 over the last three months. 17.11% of the stock is owned by corporate insiders.

Spire Global Trading Up 12.6%

Shares of SPIR stock opened at $11.72 on Friday. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The stock has a fifty day simple moving average of $9.12 and a two-hundred day simple moving average of $12.40. The stock has a market capitalization of $362.93 million, a price-to-earnings ratio of -3.37 and a beta of 2.39.

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.