Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 27,564 Shares

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,564 shares of Spire Global stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the completion of the sale, the chairman now directly owns 1,615,902 shares of the company’s stock, valued at approximately $13,848,280.14. This trade represents a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, March 4th, Peter Platzer sold 145,600 shares of Spire Global stock. The shares were sold at an average price of $10.38, for a total value of $1,511,328.00.
• On Friday, February 21st, Peter Platzer sold 51,346 shares of Spire Global stock. The stock was sold at an average price of $11.27, for a total value of $578,669.42.

Spire Global Stock Up 5.5 %

NYSE SPIR opened at $8.99 on Thursday. The business’s fifty day simple moving average is $13.92 and its 200-day simple moving average is $12.52. The firm has a market cap of $231.38 million, a PE ratio of -2.58 and a beta of 2.34. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43.

Hedge Funds Weigh In On Spire Global

Hedge funds have recently modified their holdings of the business. Quest Partners LLC lifted its stake in shares of Spire Global by 869,900.0% during the third quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock worth $694,000 after buying an additional 3,072 shares during the last quarter. Penserra Capital Management LLC increased its holdings in shares of Spire Global by 16.5% in the 3rd quarter. Penserra Capital Management LLC now owns 64,663 shares of the company’s stock worth $645,000 after acquiring an additional 9,149 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Spire Global during the third quarter valued at approximately $136,000. Finally, Stifel Financial Corp boosted its stake in Spire Global by 45.7% during the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after buying an additional 76,119 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SPIR shares. Canaccord Genuity Group reduced their price objective on Spire Global from $15.00 to $14.50 and set a “buy” rating on the stock in a research report on Friday, March 14th. Robert W. Baird upped their price target on Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.30.

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.