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

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 27,564 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total transaction of $236,223.48. Following the sale, the chairman now directly owns 1,615,902 shares in the company, valued at $13,848,280.14. The trade was a 1.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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 Price Performance

NYSE SPIR traded down $0.18 during trading hours on Friday, hitting $8.70. The company's stock had a trading volume of 484,561 shares, compared to its average volume of 449,596. The company has a market cap of $223.79 million, a P/E ratio of -2.50 and a beta of 2.34. The company's 50 day simple moving average is $13.74 and its two-hundred day simple moving average is $12.53. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43.

Institutional Trading of Spire Global

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Spire Global during the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets bought a new position in shares of Spire Global during the 4th quarter valued at $42,000. Quest Partners LLC boosted its stake in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company's stock worth $87,000 after buying an additional 8,699 shares during the last quarter. Promus Capital LLC bought a new stake in shares of Spire Global in the fourth quarter worth $135,000. Finally, 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. 19.97% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price target on Spire Global from $15.00 to $14.50 and set a "buy" rating for the company in a research report on Friday, March 14th. Robert W. Baird lifted their target price on shares of Spire Global from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus 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.