Spire Global, Inc. (NYSE:SPIR) CEO Sells $742,015.26 in Stock

Spire Global, Inc. (NYSE:SPIR) CEO Peter Platzer sold 50,238 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now owns 1,891,703 shares in the company, valued at $27,940,453.31. The trade was a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Spire Global Trading Up 2.5 %

NYSE:SPIR opened at $15.98 on Monday. Spire Global, Inc. has a 52 week low of $4.71 and a 52 week high of $19.40. The firm’s fifty day moving average is $10.65 and its 200-day moving average is $10.40. The firm has a market cap of $388.60 million, a P/E ratio of -4.59 and a beta of 1.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 2.24 and a current ratio of 2.24.

Institutional Trading of Spire Global

A number of institutional investors have recently bought and sold shares of SPIR. Pathway Financial Advisers LLC acquired a new position in shares of Spire Global in the 1st quarter valued at about $27,000. Charles Schwab Investment Management Inc. increased its stake in shares of Spire Global by 4.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 69,480 shares of the company’s stock valued at $694,000 after acquiring an additional 3,072 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Spire Global during the 2nd quarter valued at $37,000. Quest Partners LLC lifted its position in shares of Spire Global by 869,900.0% during the 3rd 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 period. Finally, Penserra Capital Management LLC boosted its stake 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 own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SPIR has been the subject of a number of recent analyst reports. Baird R W cut Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Canaccord Genuity Group increased their price objective on shares of Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Alliance Global Partners boosted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their target price for the stock from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Robert W. Baird raised their price objective on Spire Global from $9.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.60.

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.