Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells 130,191 Shares of Stock

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 130,191 shares of the business'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. The trade was a 7.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, June 24th, Peter Platzer sold 25,907 shares of Spire Global stock. The stock was sold at an average price of $9.91, for a total value of $256,738.37.
• On Tuesday, April 15th, Peter Platzer sold 27,293 shares of Spire Global stock. The shares were sold at an average price of $9.28, for a total value of $253,279.04.

Spire Global Trading Down 2.6%

Spire Global stock traded down $0.32 during mid-day trading on Friday, hitting $11.67. The company had a trading volume of 304,865 shares, compared to its average volume of 514,949. The company has a market capitalization of $362.83 million, a price-to-earnings ratio of -3.35 and a beta of 2.40. The company's fifty day moving average is $10.89 and its 200-day moving average is $11.78. Spire Global, Inc. has a 12-month low of $6.26 and a 12-month high of $21.43.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Spire Global by 6.2% during the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after buying an additional 64,632 shares during the period. PFG Investments LLC acquired a new position in shares of Spire Global during the 1st quarter worth approximately $287,000. EAM Investors LLC acquired a new position in shares of Spire Global during the 4th quarter worth approximately $700,000. Squarepoint Ops LLC acquired a new position in shares of Spire Global during the 4th quarter worth approximately $397,000. Finally, Granahan Investment Management LLC acquired a new position in Spire Global in the 4th quarter valued at $1,774,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on SPIR shares. Canaccord Genuity Group upped their target price on Spire Global from $15.50 to $16.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Robert W. Baird upped their target price on Spire Global from $11.00 to $13.00 and gave the company a "neutral" rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus dropped their target price on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.20.

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.