Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer Sells 20,799 Shares

Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 20,799 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $10.92, for a total transaction of $227,125.08. Following the completion of the transaction, the chairman owned 1,593,400 shares of the company's stock, valued at approximately $17,399,928. This trade represents a 1.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, July 8th, Peter Platzer sold 130,191 shares of Spire Global stock. The shares were sold at an average price of $12.25, for a total value of $1,594,839.75.
• 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 transaction of $256,738.37.

Spire Global Stock Performance

Shares of NYSE SPIR traded down $0.58 during mid-day trading on Monday, reaching $10.57. 522,229 shares of the company's stock were exchanged, compared to its average volume of 535,546. The firm has a market capitalization of $328.52 million, a price-to-earnings ratio of -3.04 and a beta of 2.40. Spire Global, Inc. has a 52-week low of $6.26 and a 52-week high of $21.43. The company's 50-day moving average is $11.19 and its 200-day moving average is $11.50.

Institutional Investors Weigh In On Spire Global

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets purchased a new position in Spire Global during the 4th quarter valued at about $42,000. Murchinson Ltd. purchased a new position in shares of Spire Global in the first quarter valued at approximately $81,000. JPMorgan Chase & Co. boosted its stake in shares of Spire Global by 6.1% in the fourth quarter. JPMorgan Chase & Co. now owns 10,428 shares of the company's stock valued at $147,000 after purchasing an additional 597 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Spire Global by 50.8% in the fourth quarter. Wells Fargo & Company MN now owns 10,547 shares of the company's stock valued at $148,000 after purchasing an additional 3,553 shares in the last quarter. Finally, Johnson Investment Counsel Inc. purchased a new stake in Spire Global during the 1st quarter worth approximately $99,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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