Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 27,564 Shares

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,564 shares of the business’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $8.57, for a total transaction of $236,223.48. Following the transaction, the chairman now owns 1,615,902 shares in the company, valued at $13,848,280.14. The trade was a 1.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Tuesday, March 4th, Peter Platzer sold 145,600 shares of Spire Global stock. The stock was 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 stock was sold at an average price of $11.27, for a total transaction of $578,669.42.

Spire Global Stock Up 5.5 %

NYSE SPIR traded up $0.47 on Wednesday, hitting $8.99. 631,396 shares of the stock were exchanged, compared to its average volume of 510,960. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The company has a market cap of $231.38 million, a PE ratio of -2.58 and a beta of 2.34. The company has a 50-day moving average price of $14.01 and a 200-day moving average price of $12.55.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Squarepoint Ops LLC acquired a new position in shares of Spire Global in the 4th quarter valued at $397,000. Two Sigma Investments LP boosted its holdings in shares of Spire Global by 4.3% in the 4th 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 in the last quarter. Shay Capital LLC acquired a new position in shares of Spire Global in the 4th quarter valued at $410,000. Numerai GP LLC acquired a new position in shares of Spire Global in the 4th quarter valued at $234,000. Finally, Granahan Investment Management LLC acquired a new position in shares of Spire Global in the 4th quarter valued at $1,774,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Robert W. Baird lifted their target price on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 5th. Canaccord Genuity Group dropped their price objective on shares of Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.