Peter Platzer Sells 51,346 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 51,346 shares of the firm’s stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $578,669.42. Following the transaction, the chairman now directly owns 1,840,357 shares of the company’s stock, valued at approximately $20,740,823.39. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Spire Global Stock Performance

NYSE SPIR opened at $11.04 on Thursday. The company has a market capitalization of $268.52 million, a price-to-earnings ratio of -3.17 and a beta of 2.27. The stock has a 50-day moving average of $15.17 and a 200 day moving average of $12.35. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPIR. Robert W. Baird increased their target price on Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Craig Hallum raised shares of Spire Global from a “hold” rating to a “buy” rating and increased their price objective for the company from $8.00 to $20.00 in a research report on Thursday, November 14th. Alliance Global Partners raised their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their target price on shares of Spire Global from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Institutional Trading of Spire Global

A number of large investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new position in Spire Global during the fourth quarter valued at approximately $37,000. BNP Paribas Financial Markets purchased a new stake in Spire Global during the 4th quarter valued at $42,000. Quest Partners LLC lifted its holdings 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 buying an additional 8,699 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of 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 buying an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC bought a new stake in shares of Spire Global in the fourth quarter worth $135,000. 19.97% of the stock is currently owned by institutional investors.

Spire Global Company Profile

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.