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 business’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 transaction of $578,669.42. Following the sale, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This trade represents a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Spire Global Stock Performance

Shares of Spire Global stock opened at $11.04 on Thursday. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The company has a market capitalization of $268.52 million, a P/E ratio of -3.17 and a beta of 2.27. The company has a fifty day moving average of $15.17 and a 200 day moving average of $12.35.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Alliance Global Partners boosted their price objective on shares of Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price target on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a report on Tuesday, February 11th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and upped their price target for the stock from $8.00 to $20.00 in a research report on Thursday, November 14th. Finally, Robert W. Baird lifted their price objective on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.80.

Hedge Funds Weigh In On Spire Global

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake 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 during the period. Geode Capital Management LLC grew its holdings in Spire Global by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock valued at $7,172,000 after buying an additional 3,551 shares in the last quarter. State Street Corp raised its position 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 buying an additional 148,803 shares during the last quarter. Stifel Financial Corp lifted 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 worth $2,424,000 after buying an additional 76,119 shares in the last quarter. Finally, Northern Trust Corp boosted its position in shares of Spire Global by 6.4% during the fourth quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after acquiring an additional 11,373 shares during the last quarter. Institutional investors 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.