Spire Global, Inc. $SPIR Shares Sold by Goldman Sachs Group Inc.

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Spire Global, Inc. by 44.4%, now holding 35,527 shares worth approximately $287,000.
• Several institutional investors have recently altered their positions in Spire Global, with significant new investments including BNP Paribas Financial Markets and Murchinson Ltd..
• Spire Global's stock trades between a 1-year low of $6.85 and a high of $21.43, currently priced at $11.18, indicating a market cap of $347.51 million.

Goldman Sachs Group Inc. decreased its position in Spire Global, Inc. (NYSE:SPIR - Free Report) by 44.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,527 shares of the company's stock after selling 28,318 shares during the quarter. Goldman Sachs Group Inc. owned 0.11% of Spire Global worth $287,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SPIR. BNP Paribas Financial Markets acquired a new position in shares of Spire Global during the fourth quarter valued at $42,000. Murchinson Ltd. acquired a new stake in shares of Spire Global during the 1st quarter worth about $81,000. Johnson Investment Counsel Inc. acquired a new stake in shares of Spire Global in the 1st quarter valued at $99,000. Deutsche Bank AG boosted its holdings in Spire Global by 22.0% in the first quarter. Deutsche Bank AG now owns 14,143 shares of the company's stock valued at $114,000 after acquiring an additional 2,554 shares during the last quarter. Finally, Walleye Capital LLC acquired a new position in Spire Global during the first quarter worth $140,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Price Performance

Shares of SPIR opened at $11.18 on Friday. Spire Global, Inc. has a 1-year low of $6.85 and a 1-year high of $21.43. The company has a market capitalization of $347.51 million, a P/E ratio of -3.21 and a beta of 2.38. The firm's 50 day simple moving average is $9.90 and its 200 day simple moving average is $10.05.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 130,191 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was sold at an average price of $12.25, for a total value of $1,594,839.75. Following the sale, the chairman owned 1,614,199 shares in the company, valued at $19,773,937.75. This represents a 7.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.68% 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.

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