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 Spire Global stock in a transaction that occurred 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 sale, the chairman now owns 1,615,902 shares of the company's stock, valued at approximately $13,848,280.14. The trade was a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible 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 transaction 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 transaction of $578,669.42.

Spire Global Stock Down 2.1 %

Shares of SPIR traded down $0.18 during trading on Friday, reaching $8.70. 484,561 shares of the company traded hands, compared to its average volume of 455,624. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The stock has a market cap of $223.79 million, a PE ratio of -2.50 and a beta of 2.34. The stock has a 50-day simple moving average of $13.74 and a 200-day simple moving average of $12.50.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Spire Global by 6.2% during the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock valued at $15,540,000 after acquiring an additional 64,632 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Spire Global by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company's stock valued at $7,172,000 after purchasing an additional 3,551 shares during the period. State Street Corp boosted its stake in shares of Spire Global by 53.1% in the third quarter. State Street Corp now owns 428,854 shares of the company's stock valued at $4,284,000 after purchasing an additional 148,803 shares during the period. Stifel Financial Corp boosted its stake in shares of Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company's stock valued at $2,424,000 after purchasing an additional 76,119 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Spire Global by 6.4% in the fourth quarter. Northern Trust Corp now owns 188,393 shares of the company's stock valued at $2,651,000 after purchasing an additional 11,373 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

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