Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells $1,511,328.00 in Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 145,600 shares of Spire Global stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $10.38, for a total transaction of $1,511,328.00. Following the sale, the chairman now owns 1,694,757 shares of the company’s stock, valued at approximately $17,591,577.66. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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 transaction of $578,669.42.

Spire Global Trading Up 1.4 %

Shares of NYSE:SPIR opened at $10.50 on Friday. The company has a market capitalization of $270.19 million, a PE ratio of -3.02 and a beta of 2.34. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The firm has a 50 day simple moving average of $14.74 and a 200-day simple moving average of $12.45.

Wall Street Analyst Weigh In

SPIR has been the subject of a number of research reports. Craig Hallum upgraded shares of Spire Global from a “hold” rating to a “buy” rating and lifted their price objective for the company from $8.00 to $20.00 in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on shares of Spire Global from $11.50 to $15.00 and gave the company a “buy” rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Spire Global from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, Alliance Global Partners lifted their price target on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three 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.com, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $18.40.

Institutional Trading of Spire Global

Institutional investors and hedge funds have recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new position in Spire Global in the 4th quarter valued at $37,000. BNP Paribas Financial Markets acquired a new position in Spire Global in the 4th quarter valued at $42,000. Quest Partners LLC increased its stake in Spire Global by 869,900.0% in 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 increased its stake in Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock valued at $124,000 after buying an additional 1,700 shares during the period. Finally, Promus Capital LLC acquired a new position in Spire Global in the 4th quarter valued at $135,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.