Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells 27,564 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,564 shares of Spire Global stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the transaction, the chairman now directly owns 1,615,902 shares of the company’s stock, valued at approximately $13,848,280.14. This trade represents a 1.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 shares were sold at an average price of $11.27, for a total transaction of $578,669.42.

Spire Global Stock Performance

NYSE:SPIR opened at $8.70 on Friday. The firm has a market cap of $223.79 million, a P/E ratio of -2.50 and a beta of 2.34. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm has a 50-day simple moving average of $13.74 and a two-hundred day simple moving average of $12.50.

Institutional Trading of Spire Global

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Spire Global by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after acquiring an additional 64,632 shares during the period. Geode Capital Management LLC grew 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 worth $7,172,000 after acquiring an additional 3,551 shares during the period. State Street Corp grew 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 acquiring an additional 148,803 shares during the period. Stifel Financial Corp grew 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 worth $2,424,000 after acquiring an additional 76,119 shares during the period. Finally, Northern Trust Corp grew 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 worth $2,651,000 after acquiring an additional 11,373 shares during the period. 19.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SPIR shares. Robert W. Baird lifted their price target 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. Canaccord Genuity Group reduced 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 note on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.30.

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.