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 stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04. Following the sale, the chairman now directly owns 1,588,609 shares of the company’s stock, valued at approximately $14,742,291.52. This trade represents a 1.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 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 Down 3.6 %

Shares of SPIR traded down $0.32 during trading on Thursday, reaching $8.56. The company’s stock had a trading volume of 559,245 shares, compared to its average volume of 471,534. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The company has a market cap of $265.05 million, a price-to-earnings ratio of -2.46 and a beta of 2.42. The company has a fifty day moving average of $10.16 and a two-hundred day moving average of $12.39.

Institutional Investors Weigh In On Spire Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Spire Global in the fourth quarter worth about $37,000. BNP Paribas Financial Markets acquired a new position in shares of Spire Global in the 4th quarter worth approximately $42,000. Promus Capital LLC acquired a new stake in shares of Spire Global during the 4th quarter valued at approximately $135,000. JPMorgan Chase & Co. boosted its holdings in Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company’s stock worth $147,000 after purchasing an additional 597 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Spire Global by 50.8% during the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company’s stock valued at $148,000 after purchasing an additional 3,553 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SPIR shares. Canaccord Genuity Group boosted 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 reduced their price target on Spire Global from $13.00 to $11.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 1st. Finally, Stifel Nicolaus lowered their price objective on shares of Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a research report on Tuesday, April 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $17.70.

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.