Peter Platzer Sells 7,184 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 7,184 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the sale, the chairman directly owned 1,478,568 shares in the company, valued at $28,211,077.44. This trade represents a 0.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at 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 Monday, April 20th, Peter Platzer sold 1,800 shares of Spire Global stock. The stock was sold at an average price of $18.31, for a total value of $32,958.00.
• 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 value of $23,160.86.

Spire Global Trading Up 10.3%

Spire Global stock opened at $21.20 on Friday. The business’s fifty day simple moving average is $16.51 and its two-hundred day simple moving average is $11.89. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $23.59. The company has a market capitalization of $820.50 million, a price-to-earnings ratio of 13.50 and a beta of 2.42.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping the consensus estimate of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The business had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.08 million. On average, equities research analysts predict that Spire Global, Inc. will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. DNB Asset Management AS bought a new position in Spire Global in the fourth quarter valued at about $933,000. Tudor Investment Corp ET AL bought a new position in Spire Global in the third quarter valued at about $396,000. Auxano Advisors LLC lifted its holdings in Spire Global by 12.1% in the fourth quarter. Auxano Advisors LLC now owns 29,150 shares of the company’s stock valued at $219,000 after acquiring an additional 3,150 shares during the period. Parvin Asset Management LLC lifted its holdings in Spire Global by 11.4% in the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after acquiring an additional 1,200 shares during the period. Finally, Granite Investment Partners LLC bought a new position in Spire Global in the first quarter valued at about $129,000. Institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Stifel Nicolaus set a $22.00 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.30.

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.