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

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,293 shares of the company’s stock in a transaction on Tuesday, April 15th. The shares were 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. This represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 value 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 value 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 value of $578,669.42.

Spire Global Stock Performance

SPIR stock opened at $8.56 on Friday. The firm has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $12.38. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The stock has a market cap of $265.05 million, a P/E ratio of -2.46 and a beta of 2.42.

Analyst Upgrades and Downgrades

SPIR has been the subject of several recent analyst reports. Robert W. Baird decreased their target price on shares of Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Canaccord Genuity Group raised their price objective on shares of Spire Global from $14.50 to $15.50 and gave the stock a “buy” rating in a research note on Thursday, April 10th. Finally, Stifel Nicolaus lowered their price objective on shares of 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Spire Global has a consensus rating of “Moderate Buy” and a consensus target price of $17.70.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently modified their holdings of SPIR. SBI Securities Co. Ltd. acquired a new position in shares of Spire Global in the fourth quarter worth $37,000. BNP Paribas Financial Markets purchased a new position in Spire Global in the fourth quarter valued at about $42,000. Sanctuary Advisors LLC increased its position in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after purchasing an additional 1,700 shares during the last quarter. Promus Capital LLC purchased a new stake in shares of Spire Global during the 4th quarter worth about $135,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Spire Global by 6.1% during the 4th quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock valued at $147,000 after buying an additional 597 shares during the last quarter. Institutional investors and hedge funds 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.