Baillie Gifford & Co. Reduces Stock Position in Spire Global, Inc. (NYSE:SPIR)

Baillie Gifford & Co. reduced its holdings in shares of Spire Global, Inc. (NYSE:SPIR) by 87.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 13,259 shares of the company’s stock after selling 94,996 shares during the period. Baillie Gifford & Co.’s holdings in Spire Global were worth $132,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC acquired a new position in Spire Global in the first quarter worth about $27,000. nVerses Capital LLC bought a new stake in shares of Spire Global in the 2nd quarter valued at approximately $37,000. Sanctuary Advisors LLC bought a new stake in shares of Spire Global in the 2nd quarter valued at approximately $106,000. Van ECK Associates Corp bought a new position in Spire Global during the third quarter worth $172,000. Finally, Rhumbline Advisers boosted its holdings in Spire Global by 2,221.7% in the second quarter. Rhumbline Advisers now owns 27,071 shares of the company’s stock worth $293,000 after purchasing an additional 25,905 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analysts Set New Price Targets

SPIR has been the topic of a number of research reports. Baird R W cut shares of Spire Global from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 15th. Robert W. Baird reiterated a “neutral” rating and set a $9.00 price objective (down previously from $15.00) on shares of Spire Global in a research note on Thursday, August 15th. Craig Hallum downgraded Spire Global from a “buy” rating to a “hold” rating and decreased their target price for the company from $13.00 to $8.00 in a research note on Thursday, August 15th. Raymond James reiterated a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Canaccord Genuity Group restated a “buy” rating and set a $12.00 price objective (down previously from $20.00) on shares of Spire Global in a research report on Tuesday, September 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $14.20.

Spire Global Trading Up 14.1 %

Shares of SPIR stock opened at $13.45 on Thursday. The firm has a market capitalization of $327.10 million, a PE ratio of -3.86 and a beta of 1.96. 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 1 year low of $4.56 and a 1 year high of $19.40. The stock has a fifty day moving average of $9.70 and a two-hundred day moving average of $10.19.

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.