Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells $498,390.84 in Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 58,428 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $498,390.84. Following the transaction, the chairman owned 1,693,603 shares in the company, valued at $14,446,433.59. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spire Global Stock Performance

NYSE SPIR opened at $9.23 on Friday. The company has a 50-day simple moving average of $9.97 and a 200-day simple moving average of $9.93. Spire Global, Inc. has a one year low of $6.60 and a one year high of $14.52. The firm has a market capitalization of $305.51 million, a PE ratio of 24.29 and a beta of 2.47.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on SPIR shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Spire Global in a research note on Monday, December 22nd. Stifel Nicolaus set a $14.00 target price on Spire Global and gave the stock a “buy” rating in a report on Thursday, December 18th. Alliance Global Partners lowered Spire Global from a “buy” rating to a “neutral” rating and decreased their price target for the company from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Wall Street Zen downgraded Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Finally, iA Financial set a $9.00 price objective on Spire Global in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Spire Global has a consensus rating of “Hold” and a consensus price target of $12.42.

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Lane Generational LLC boosted its stake in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after acquiring an additional 214,532 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Spire Global by 27.5% during the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock valued at $7,879,000 after purchasing an additional 142,987 shares during the last quarter. State Street Corp boosted its position in shares of Spire Global by 1.4% in the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after purchasing an additional 7,253 shares during the period. Stifel Financial Corp increased its stake in Spire Global by 32.9% in the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares in the last quarter. Finally, AWM Investment Company Inc. increased its stake in Spire Global by 25.7% in the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after purchasing an additional 85,492 shares in the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.