Spire Global (NYSE:SPIR) Chairman Peter Platzer Sells 7,184 Shares

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 7,184 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the sale, the chairman directly owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. The trade was a 0.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Monday, April 20th, Peter Platzer sold 1,800 shares of Spire Global stock. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00.
• On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $23,160.86.

Spire Global Stock Performance

Shares of SPIR opened at $21.20 on Friday. The company has a 50 day moving average price of $16.51 and a 200-day moving average price of $11.89. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $23.59. The stock has a market capitalization of $820.46 million, a PE ratio of 13.50 and a beta of 2.42.

Spire Global (NYSE:SPIR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The firm had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. Equities research analysts forecast that Spire Global, Inc. will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPIR. Osaic Holdings Inc. acquired a new position in Spire Global during the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new position in Spire Global during the 3rd quarter valued at approximately $25,000. Atlantic Private Wealth LLC increased its stake in Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in Spire Global during the 4th quarter valued at approximately $44,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Spire Global has an average rating of “Moderate Buy” and an average target price of $16.30.

About Spire Global

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.