Spire Global (NYSE:SPIR) Chairman Peter Platzer Sells 1,800 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00. Following the completion of the sale, the chairman directly owned 1,485,752 shares of the company’s stock, valued at approximately $27,204,119.12. This represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $23,160.86.
• On Friday, February 20th, Peter Platzer sold 58,428 shares of Spire Global stock. The stock was sold at an average price of $8.53, for a total transaction of $498,390.84.

Spire Global Trading Down 2.6%

Shares of NYSE:SPIR opened at $18.26 on Thursday. The company has a 50 day moving average of $13.04 and a 200-day moving average of $11.06. The firm has a market cap of $612.29 million, a P/E ratio of 11.56 and a beta of 2.23. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $23.59.

Analyst Upgrades and Downgrades

Several analysts recently commented on SPIR shares. HC Wainwright reissued a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Friday, April 10th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Finally, Stifel Nicolaus increased their target price on shares of Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.67.

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently made changes to their positions in the company. Lane Generational LLC lifted its position in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after acquiring an additional 214,532 shares in the last quarter. State Street Corp lifted its position in shares of Spire Global by 1.4% in the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after acquiring an additional 7,253 shares in the last quarter. Stifel Financial Corp lifted its position in shares of Spire Global by 32.9% in the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after acquiring an additional 129,990 shares in the last quarter. AWM Investment Company Inc. lifted its position in shares of Spire Global by 25.7% in the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock valued at $3,137,000 after acquiring an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after acquiring an additional 98,925 shares in the last quarter. Hedge funds and other institutional investors own 19.97% of the company’s stock.

About Spire Global

Spire Global (NYSE: SPIR) is a space-to-cloud data and analytics company that operates a constellation of low Earth orbit nanosatellites to collect radio occultation, maritime Automatic Identification System (AIS), and aviation tracking data. By leveraging proprietary satellite hardware and ground infrastructure, Spire captures precise, near-real-time observations of Earth’s atmosphere, oceans, and surface traffic to power downstream analytics for weather forecasting, fleet optimization, and safety monitoring.

The company’s core offerings include weather and climate intelligence derived from GPS radio occultation, which enhances numerical weather prediction models; maritime domain awareness services that track vessel movements and supply chain dynamics; and aviation analytics that monitor air traffic for efficiency and security applications.