Spire Global, Inc. (NYSE:SPIR) Chairman Sells $227,125.08 in Stock

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

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 shares were sold at an average price of $9.91, for a total value of $256,738.37.

Spire Global Trading Down 0.8%

NYSE SPIR traded down $0.09 during trading hours on Thursday, reaching $11.26. 428,461 shares of the company traded hands, compared to its average volume of 668,729. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The stock has a market capitalization of $349.96 million, a PE ratio of -3.24 and a beta of 2.40. The company has a 50 day moving average of $11.24 and a two-hundred day moving average of $11.59.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Spire Global

Several hedge funds and other institutional investors have recently modified their holdings of SPIR. BNP Paribas Financial Markets acquired a new position in Spire Global in the fourth quarter worth about $42,000. Murchinson Ltd. bought a new position in Spire Global during the 1st quarter worth approximately $81,000. Johnson Investment Counsel Inc. acquired a new position in shares of Spire Global in the 1st quarter worth approximately $99,000. Deutsche Bank AG grew its position in shares of Spire Global by 22.0% in the 1st quarter. Deutsche Bank AG now owns 14,143 shares of the company's stock worth $114,000 after acquiring an additional 2,554 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in shares of Spire Global in the 1st quarter valued at approximately $140,000. Institutional investors own 19.97% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.