Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells 27,564 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 27,564 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $8.57, for a total transaction of $236,223.48. Following the sale, the chairman now directly owns 1,615,902 shares of the company’s stock, valued at $13,848,280.14. This trade represents a 1.68 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 4th, Peter Platzer sold 145,600 shares of Spire Global stock. The shares were sold at an average price of $10.38, for a total transaction of $1,511,328.00.
• On Friday, February 21st, Peter Platzer sold 51,346 shares of Spire Global stock. The shares were sold at an average price of $11.27, for a total transaction of $578,669.42.

Spire Global Trading Down 1.0 %

NYSE:SPIR opened at $8.90 on Friday. Spire Global, Inc. has a 12 month low of $6.26 and a 12 month high of $21.43. The company has a market cap of $228.94 million, a PE ratio of -2.56 and a beta of 2.34. The company has a 50 day simple moving average of $13.83 and a two-hundred day simple moving average of $12.50.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on SPIR shares. Robert W. Baird raised their price target on shares of Spire Global from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, March 5th. Canaccord Genuity Group cut their target price on shares of Spire Global from $15.00 to $14.50 and set a “buy” rating for the company in a research report on Friday, March 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.30.

Institutional Investors Weigh In On Spire Global

A number of large investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Spire Global during the 4th quarter worth $37,000. BNP Paribas Financial Markets purchased a new position in shares of Spire Global during the 4th quarter worth $42,000. Quest Partners LLC boosted its stake in shares of Spire Global by 869,900.0% during the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after acquiring an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Spire Global by 15.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after acquiring an additional 1,700 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in shares of Spire Global during the 4th quarter worth $135,000. Institutional investors own 19.97% of the company’s stock.

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.