DnB Asset Management AS bought a new stake in Spire Global, Inc. (OTCMKTS:SPIR – Get Rating) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 208,239 shares of the technology company's stock, valued at approximately $239,000. DnB Asset Management AS owned about 0.15% of Spire Global at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPIR. Advisor Group Holdings Inc. raised its position in Spire Global by 127.1% in the first quarter. Advisor Group Holdings Inc. now owns 11,678 shares of the technology company's stock valued at $25,000 after purchasing an additional 6,535 shares during the period. Bank of Montreal Can purchased a new position in Spire Global in the first quarter valued at about $54,000. Cresset Asset Management LLC purchased a new position in Spire Global in the first quarter valued at about $54,000. GSA Capital Partners LLP purchased a new position in Spire Global in the first quarter valued at about $56,000. Finally, Shay Capital LLC purchased a new position in Spire Global in the first quarter valued at about $61,000. Institutional investors and hedge funds own 88.76% of the company's stock.
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Shares of SPIR stock opened at $1.13 on Friday. The business has a 50 day moving average of $1.40 and a two-hundred day moving average of $1.56. Spire Global, Inc. has a 52 week low of $1.11 and a 52 week high of $18.86.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on SPIR. Canaccord Genuity Group began coverage on Spire Global in a research report on Tuesday, August 30th. They set a "buy" rating on the stock. Canaccord Genuity Group began coverage on Spire Global in a research report on Tuesday, August 30th. They set a "buy" rating and a $3.50 target price on the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $5.08.Spire Global Profile
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Spire Global, Inc develops a hardware and intelligent analytics platform that tracks the oceans, skies, and weather. It serves maritime, weather, aviation, space services, earth intelligence, and federal industries. Spire Global, Inc has a strategic partnership with TAC Index Limited. Spire Global, Inc was formerly known as Nanosatisfi, Inc and changed its name to Spire Global, Inc in July 2014.
Further Reading
- Get a free copy of the StockNews.com research report on Spire Global (SPIR)
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