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

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

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 Up 2.6%

SPIR traded up $0.30 during trading on Friday, hitting $11.52. The company had a trading volume of 1,983,643 shares, compared to its average volume of 514,635. The firm's 50-day moving average price is $10.45 and its 200 day moving average price is $11.84. Spire Global, Inc. has a one year low of $6.26 and a one year high of $21.43. The company has a market capitalization of $357.92 million, a PE ratio of -3.31 and a beta of 2.38.

Institutional Investors Weigh In On Spire Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in 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 in the last quarter. PFG Investments LLC bought a new stake in Spire Global during the 1st quarter worth about $287,000. EAM Investors LLC bought a new stake in Spire Global during the 4th quarter worth about $700,000. Squarepoint Ops LLC bought a new stake in Spire Global during the 4th quarter worth about $397,000. Finally, Granahan Investment Management LLC bought a new stake in Spire Global during the 4th quarter worth about $1,774,000. 19.97% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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