Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 51,346 Shares

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 51,346 shares of Spire Global stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $578,669.42. Following the transaction, the chairman now directly owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Spire Global Price Performance

Shares of SPIR opened at $11.28 on Wednesday. The firm has a market cap of $274.26 million, a PE ratio of -3.24 and a beta of 2.27. The stock’s fifty day moving average price is $15.20 and its two-hundred day moving average price is $12.36. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SPIR shares. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Canaccord Genuity Group lifted their price target on Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Alliance Global Partners lifted their price target on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Robert W. Baird lifted their price target on Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.80.

Institutional Trading of Spire Global

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares during the period. Two Sigma Investments LP raised its stake in shares of Spire Global by 4.3% in the fourth quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after buying an additional 1,550 shares during the period. Sanctuary Advisors LLC raised its stake in shares of Spire Global by 15.9% in the third quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Spire Global by 5.0% in the fourth quarter. Bank of New York Mellon Corp now owns 51,048 shares of the company’s stock valued at $718,000 after buying an additional 2,441 shares during the period. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Spire Global in the fourth quarter valued at $37,000. 19.97% of the stock is currently owned by institutional investors.

About Spire Global

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.