Penserra Capital Management LLC Increases Stake in Spire Global, Inc. (NYSE:SPIR)

Penserra Capital Management LLC increased its position in shares of Spire Global, Inc. (NYSE:SPIR) by 16.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,663 shares of the company’s stock after buying an additional 9,149 shares during the period. Penserra Capital Management LLC owned about 0.27% of Spire Global worth $645,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Spire Global by 23.1% in the 1st quarter. Vanguard Group Inc. now owns 768,343 shares of the company’s stock valued at $9,220,000 after purchasing an additional 144,047 shares during the last quarter. Pathway Financial Advisers LLC purchased a new position in Spire Global in the first quarter valued at $27,000. DNB Asset Management AS raised its stake in Spire Global by 117.5% in the second quarter. DNB Asset Management AS now owns 105,745 shares of the company’s stock valued at $1,145,000 after buying an additional 57,137 shares in the last quarter. ARS Investment Partners LLC purchased a new stake in Spire Global during the 2nd quarter worth about $806,000. Finally, LA Financiere DE L Echiquier boosted its position in shares of Spire Global by 31.2% during the 2nd quarter. LA Financiere DE L Echiquier now owns 101,000 shares of the company’s stock worth $1,095,000 after acquiring an additional 24,000 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

SPIR has been the topic of several research analyst reports. Baird R W lowered Spire Global from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 15th. Robert W. Baird boosted 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. Alliance Global Partners lifted their price target on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price objective on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Raymond James reiterated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Spire Global presently has an average rating of “Moderate Buy” and a consensus target price of $19.60.

Insider Buying and Selling at Spire Global

In other news, 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 transaction, the chief operating officer now directly owns 377,152 shares in the company, valued at $5,570,535.04. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Peter Platzer sold 50,238 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now directly owns 1,891,703 shares of the company’s stock, valued at $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,481 shares of company stock valued at $1,380,714 in the last ninety days. Insiders own 17.11% of the company’s stock.

Spire Global Price Performance

Shares of SPIR opened at $16.18 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24. Spire Global, Inc. has a fifty-two week low of $4.71 and a fifty-two week high of $19.40. The firm has a 50-day simple moving average of $11.02 and a 200-day simple moving average of $10.50. The company has a market capitalization of $393.50 million, a price-to-earnings ratio of -4.65 and a beta of 1.96.

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.