Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 145,600 Shares

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 145,600 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total transaction of $1,511,328.00. Following the sale, the chairman now directly owns 1,694,757 shares in the company, valued at $17,591,577.66. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Friday, February 21st, Peter Platzer sold 51,346 shares of Spire Global stock. The shares were sold at an average price of $11.27, for a total value of $578,669.42.

Spire Global Price Performance

Shares of Spire Global stock traded down $0.27 on Monday, hitting $10.19. 31,291 shares of the company's stock traded hands, compared to its average volume of 496,830. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43. The firm's 50-day moving average price is $14.74 and its two-hundred day moving average price is $12.49. The stock has a market capitalization of $262.24 million, a PE ratio of -2.96 and a beta of 2.34.

Analyst Ratings Changes

Several equities research analysts have weighed in on SPIR shares. Robert W. Baird raised their price objective on shares of Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Wednesday, March 5th. Craig Hallum raised shares of Spire Global from a "hold" rating to a "buy" rating and raised their price target for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Alliance Global Partners boosted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their target price on Spire Global from $11.50 to $15.00 and gave the company a "buy" rating in a research note on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.40.

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Hedge Funds Weigh In On Spire Global

Several hedge funds have recently added to or reduced their stakes in SPIR. Harbor Capital Advisors Inc. bought a new stake in shares of Spire Global in the 3rd quarter valued at $629,000. Van ECK Associates Corp bought a new position in Spire Global in the third quarter valued at $172,000. Quest Partners LLC increased its position in shares of Spire Global by 869,900.0% in the third quarter. Quest Partners LLC now owns 8,700 shares of the company's stock valued at $87,000 after acquiring an additional 8,699 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Spire Global by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company's stock worth $694,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Penserra Capital Management LLC raised its position in Spire Global by 16.5% during the third 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 in the last quarter. Institutional investors and hedge funds own 19.97% of the company's stock.

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.