Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 25,907 Shares

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 25,907 shares of the firm's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $9.91, for a total transaction of $256,738.37. Following the sale, the chairman now directly owns 1,614,199 shares of the company's stock, valued at approximately $15,996,712.09. The trade was a 1.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, April 15th, Peter Platzer sold 27,293 shares of Spire Global stock. The stock was sold at an average price of $9.28, for a total transaction of $253,279.04.

Spire Global Stock Performance

Shares of Spire Global stock traded up $1.42 during trading on Thursday, reaching $11.23. The company had a trading volume of 1,039,717 shares, compared to its average volume of 519,271. Spire Global, Inc. has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm's fifty day moving average is $10.34 and its 200-day moving average is $11.91. The company has a market cap of $349.06 million, a price-to-earnings ratio of -3.23 and a beta of 2.38.

Institutional Trading of Spire Global

Several hedge funds and other institutional investors have recently bought and sold shares of SPIR. 325 Capital LLC bought a new position in Spire Global during the 1st quarter worth approximately $15,169,000. Alyeska Investment Group L.P. acquired a new stake in shares of Spire Global during the 1st quarter valued at approximately $10,056,000. Granahan Investment Management LLC lifted its stake in Spire Global by 803.6% during the first quarter. Granahan Investment Management LLC now owns 1,139,175 shares of the company's stock worth $9,216,000 after purchasing an additional 1,013,106 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Spire Global by 6.2% in the fourth quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company's stock worth $15,540,000 after purchasing an additional 64,632 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in Spire Global by 538.7% in the first quarter. Harbor Capital Advisors Inc. now owns 652,062 shares of the company's stock worth $5,275,000 after purchasing an additional 549,972 shares during the period. 19.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SPIR. Canaccord Genuity Group lifted their target price on Spire Global from $15.50 to $16.00 and gave the stock a "buy" rating in a research report on Tuesday, April 29th. Stifel Nicolaus dropped their price objective on Spire Global from $20.00 to $18.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Finally, 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. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $18.20.

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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