DnB Asset Management AS Purchases Shares of 208,239 Spire Global, Inc. (OTCMKTS:SPIR)

DnB Asset Management AS purchased a new stake in Spire Global, Inc. (OTCMKTS:SPIRGet Rating) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 208,239 shares of the technology company’s stock, valued at approximately $239,000.

Several other institutional investors also recently modified their holdings of SPIR. PenderFund Capital Management Ltd. acquired a new stake in Spire Global during the 4th quarter valued at $1,267,000. Kamunting Street Capital Management L.P. acquired a new stake in Spire Global during the 4th quarter valued at $217,000. GSA Capital Partners LLP acquired a new stake in Spire Global during the 1st quarter valued at $56,000. Buckingham Strategic Wealth LLC acquired a new stake in Spire Global during the 1st quarter valued at $122,000. Finally, BlackRock Inc. raised its stake in Spire Global by 2.9% during the 1st quarter. BlackRock Inc. now owns 316,265 shares of the technology company’s stock valued at $664,000 after purchasing an additional 8,773 shares during the period. Institutional investors own 88.76% of the company’s stock.

Analyst Upgrades and Downgrades

SPIR has been the topic of several recent analyst reports. Canaccord Genuity Group started coverage on shares of Spire Global in a research note on Tuesday, August 30th. They set a “buy” rating and a $3.50 target price on the stock. Canaccord Genuity Group started coverage on shares of Spire Global in a report on Tuesday, August 30th. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $5.08.

Spire Global Trading Down 0.9 %

Shares of OTCMKTS:SPIR opened at $1.13 on Friday. Spire Global, Inc. has a 1 year low of $1.11 and a 1 year high of $18.86. The firm has a fifty day moving average price of $1.40 and a 200 day moving average price of $1.56.

Spire Global Profile

(Get Rating)

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

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Institutional Ownership by Quarter for Spire Global (OTCMKTS:SPIR)

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