Spire Global (NYSE:SPIR) Chairman Peter Platzer Sells 1,801 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 1,801 shares of the firm’s stock in a transaction dated Friday, March 20th. The shares were sold at an average price of $12.86, for a total transaction of $23,160.86. Following the completion of the transaction, the chairman directly owned 1,691,802 shares in the company, valued at $21,756,573.72. This represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Friday, February 20th, Peter Platzer sold 58,428 shares of Spire Global stock. The stock was sold at an average price of $8.53, for a total value of $498,390.84.

Spire Global Price Performance

Shares of Spire Global stock opened at $13.68 on Thursday. The stock has a market capitalization of $458.35 million, a P/E ratio of 8.66 and a beta of 2.50. The business has a 50 day simple moving average of $10.70 and a two-hundred day simple moving average of $10.14. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $14.99.

Institutional Trading of Spire Global

Several institutional investors have recently made changes to their positions in the company. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in Spire Global during the 3rd quarter worth approximately $25,000. Atlantic Private Wealth LLC boosted its position 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 buying an additional 1,000 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Spire Global during the fourth quarter worth $44,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. iA Financial set a $9.00 price target on shares of Spire Global in a research note on Tuesday, December 23rd. Wall Street Zen lowered shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. HC Wainwright reiterated a “buy” rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Canaccord Genuity Group raised their target price on shares of Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Spire Global Company 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.