Spire Global, Inc. (NYSE:SPIR) Chairman Sells $1,511,328.00 in Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00. Following the sale, the chairman now owns 1,694,757 shares in the company, valued at $17,591,577.66. This represents a 7.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Peter Platzer also recently made the following trade(s):

• On Friday, February 21st, Peter Platzer sold 51,346 shares of Spire Global stock. The shares were sold at an average price of $11.27, for a total value of $578,669.42.

Spire Global Price Performance

SPIR stock opened at $10.38 on Friday. The stock has a market capitalization of $267.18 million, a P/E ratio of -2.98 and a beta of 2.34. Spire Global, Inc. has a 1-year low of $6.26 and a 1-year high of $21.43. The business has a fifty day moving average price of $14.82 and a 200-day moving average price of $12.40.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SPIR. Robert W. Baird lifted their price target on Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday. Alliance Global Partners lifted their price objective on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group boosted their price target on Spire Global from $11.50 to $15.00 and gave the stock a “buy” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $18.40.

Institutional Trading of Spire Global

A number of hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in Spire Global by 6.1% during the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after acquiring an additional 597 shares during the last quarter. Two Sigma Investments LP increased its position in Spire Global by 4.3% during the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after acquiring an additional 1,550 shares during the last quarter. Sanctuary Advisors LLC increased its position in Spire Global by 15.9% during the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after acquiring an additional 1,700 shares during the last quarter. Bank of New York Mellon Corp increased its position in Spire Global by 5.0% during the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock valued at $718,000 after acquiring an additional 2,441 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in Spire Global during the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

About Spire Global

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.