Peter Platzer Sells 27,293 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,293 shares of the firm’s stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total value of $253,279.04. Following the completion of the transaction, the chairman now directly owns 1,588,609 shares in the company, valued at $14,742,291.52. The trade was a 1.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, March 18th, Peter Platzer sold 27,564 shares of Spire Global stock. The stock was sold at an average price of $8.57, for a total transaction of $236,223.48.
• 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 stock was sold at an average price of $11.27, for a total transaction of $578,669.42.

Spire Global Stock Performance

Shares of SPIR stock opened at $8.56 on Friday. The stock has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $12.37. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43. The firm has a market capitalization of $265.05 million, a PE ratio of -2.46 and a beta of 2.42.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Canaccord Genuity Group upped their price objective on Spire Global from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Robert W. Baird decreased their price objective on Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 1st. Finally, Stifel Nicolaus lowered their price objective on Spire Global from $20.00 to $18.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $17.70.

Institutional Trading of Spire Global

Several institutional investors have recently made changes to their positions in the business. Nkcfo LLC bought a new position in Spire Global in the 4th quarter worth approximately $774,000. Geode Capital Management LLC lifted its holdings in shares of Spire Global by 9.0% in the third quarter. Geode Capital Management LLC now owns 506,093 shares of the company’s stock worth $5,057,000 after buying an additional 41,612 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Spire Global by 45.7% during 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 last quarter. Harbor Capital Advisors Inc. grew its stake in Spire Global by 62.3% during the fourth quarter. Harbor Capital Advisors Inc. now owns 102,090 shares of the company’s stock valued at $1,436,000 after acquiring an additional 39,175 shares in the last quarter. Finally, Barclays PLC increased its holdings in Spire Global by 321.5% in the 3rd quarter. Barclays PLC now owns 31,875 shares of the company’s stock valued at $318,000 after acquiring an additional 24,312 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.