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 dated Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total value of $236,223.48. Following the completion of the sale, the chairman now owns 1,615,902 shares of the company's stock, valued at $13,848,280.14. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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 Performance

Shares of SPIR stock traded down $0.03 during mid-day trading on Monday, reaching $8.68. 648,518 shares of the company's stock traded hands, compared to its average volume of 450,392. The firm has a market capitalization of $223.30 million, a PE ratio of -2.49 and a beta of 2.34. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The firm has a 50 day moving average price of $13.65 and a two-hundred day moving average price of $12.56.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SPIR shares. Robert W. Baird increased their price target on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday, March 5th. Canaccord Genuity Group lowered their target price on Spire Global from $15.00 to $14.50 and set a "buy" rating on the stock in a report on Friday, March 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Spire Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.30.

Hedge Funds Weigh In On Spire Global

Several institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised 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 worth $4,284,000 after buying an additional 148,803 shares during the period. Raymond James Financial Inc. purchased a new stake in Spire Global in the 4th quarter worth approximately $1,902,000. Granahan Investment Management LLC bought a new stake in Spire Global during the 4th quarter worth approximately $1,774,000. Stifel Financial Corp lifted its holdings 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 purchasing an additional 76,119 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 64,632 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.