Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells 145,600 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $10.38, for a total transaction of $1,511,328.00. Following the completion of the transaction, the chairman now owns 1,694,757 shares in the company, valued at $17,591,577.66. This trade represents a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, February 21st, Peter Platzer sold 51,346 shares of Spire Global stock. The shares were sold at an average price of $11.27, for a total value of $578,669.42.

Spire Global Trading Up 1.4 %

NYSE:SPIR traded up $0.16 during mid-day trading on Thursday, hitting $11.25. The company’s stock had a trading volume of 184,126 shares, compared to its average volume of 701,979. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The stock has a fifty day moving average of $14.92 and a 200-day moving average of $12.41. The company has a market capitalization of $273.46 million, a price-to-earnings ratio of -3.22 and a beta of 2.27.

Institutional Trading of Spire Global

A number of large investors have recently bought and sold shares of SPIR. Vanguard Group Inc. increased its holdings in Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock valued at $15,540,000 after purchasing an additional 64,632 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Spire Global by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after purchasing an additional 3,551 shares in the last quarter. State Street Corp grew its stake in shares of Spire Global by 53.1% during the third quarter. State Street Corp now owns 428,854 shares of the company’s stock valued at $4,284,000 after purchasing an additional 148,803 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of Spire Global by 45.7% in the third quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock valued at $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Finally, Northern Trust Corp raised its position in Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on SPIR. Robert W. Baird upped their target price on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday. Craig Hallum raised Spire Global from a “hold” rating to a “buy” rating and lifted their target price for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Canaccord Genuity Group upped their price target on Spire Global from $11.50 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Alliance Global Partners raised their price objective on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.40.

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.