Promus Capital LLC Invests $135,000 in Spire Global, Inc. (NYSE:SPIR)

Promus Capital LLC acquired a new position in shares of Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,604 shares of the company’s stock, valued at approximately $135,000.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Spire Global during the 4th quarter worth $37,000. Quest Partners LLC increased its stake in Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares during the period. Sanctuary Advisors LLC increased its stake in Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after acquiring an additional 1,700 shares during the period. MetLife Investment Management LLC bought a new position in Spire Global during the 3rd quarter worth $136,000. Finally, SG Americas Securities LLC bought a new position in Spire Global during the 4th quarter worth $150,000. Institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

SPIR has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. Canaccord Genuity Group raised their target price on Spire Global from $11.50 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Alliance Global Partners raised 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. Finally, Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and raised their target price for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.40.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 51,346 shares of the firm’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 $578,669.42. Following the sale, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Boyd C. Johnson sold 11,304 shares of the firm’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $127,396.08. Following the sale, the chief accounting officer now directly owns 300,304 shares in the company, valued at approximately $3,384,426.08. This trade represents a 3.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 94,857 shares of company stock valued at $1,069,038 in the last 90 days. 17.11% of the stock is owned by corporate insiders.

Spire Global Stock Performance

Shares of SPIR stock opened at $11.05 on Thursday. The stock’s fifty day moving average price is $14.92 and its two-hundred day moving average price is $12.41. The company has a market cap of $268.81 million, a PE ratio of -3.18 and a beta of 2.27. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week 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.