From MarketBeat:

Industry Ventures L.L.C. has significantly reduced its stake in Spire Global, Inc. by 87.5% in the 3rd quarter, selling 507,878 shares. The institutional investor owned 72,553 shares of the company’s stock, accounting for approximately 0.5% of their holdings. Other institutional investors have also purchased and sold shares of SPIR.

Analysts set a new price target for Spire Global. Raymond James cut their price target to $11.00 and set an “outperform” rating for the company on November 9th. Insider Boyd C. Johnson sold 6,039 shares of Spire Global stock at an average price of $4.67.

Spire Global stock opened at $6.98 on Friday. The company reported ($0.68) earnings per share for the quarter, with revenue of $27.32 million. The company had a negative net margin of 69.03% and a negative return on equity of 65.67%.

Spire Global offers satellite-based aircraft tracking data, insights, predictive analytics, and project-based services globally. They provide data for aircraft tracking, ship monitoring, and weather forecasting. Hedge funds and other institutional investors own 22.12% of the company’s stock.



Read more: Spire Global, Inc. (NYSE:SPIR) is Industry Ventures L.L.C.’s 10th Largest Position