DNB Asset Management AS Acquires New Holdings in Spire Global, Inc. $SPIR

DNB Asset Management AS acquired a new stake in Spire Global, Inc. (NYSE:SPIR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 124,413 shares of the company’s stock, valued at approximately $933,000.

Other large investors have also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. acquired a new stake in Spire Global in the 3rd quarter valued at about $25,000. Osaic Holdings Inc. acquired a new stake in Spire Global in the 2nd quarter valued at about $25,000. Atlantic Private Wealth LLC grew its stake in Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after acquiring an additional 1,699 shares during the last quarter. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Price Performance

Spire Global stock opened at $20.09 on Thursday. Spire Global, Inc. has a 12-month low of $6.60 and a 12-month high of $23.59. The stock has a market capitalization of $777.80 million, a P/E ratio of 12.80 and a beta of 2.42. The firm’s 50-day moving average is $16.13 and its two-hundred day moving average is $11.76.

Spire Global (NYSE:SPIR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. As a group, analysts forecast that Spire Global, Inc. will post -1.39 EPS for the current year.

Insider Activity

In related news, COO Perez Celia Pelez sold 19,134 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $163,213.02. Following the sale, the chief operating officer directly owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Peter Platzer sold 1,800 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00. Following the completion of the sale, the chairman directly owned 1,485,752 shares in the company, valued at $27,204,119.12. This represents a 0.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 138,033 shares of company stock valued at $1,219,760 over the last quarter. 13.04% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SPIR has been the topic of a number of research reports. HC Wainwright reissued a “buy” rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Stifel Nicolaus set a $22.00 price objective on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Finally, Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Spire Global has an average rating of “Moderate Buy” and a consensus price target of $16.30.

Spire Global Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.