Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells $14,848.48 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) Chairman Peter Platzer sold 1,802 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $8.24, for a total value of $14,848.48. Following the sale, the chairman directly owned 1,489,353 shares in the company, valued at $12,272,268.72. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Wednesday, January 21st, Peter Platzer sold 1,801 shares of Spire Global stock. The shares were sold at an average price of $12.10, for a total value of $21,792.10.
  • On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total value of $23,160.86.
  • On Friday, February 20th, Peter Platzer sold 58,428 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total value of $498,390.84.

Spire Global Price Performance

Shares of NYSE:SPIR opened at $21.45 on Monday. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $21.56. The business has a 50 day simple moving average of $11.51 and a two-hundred day simple moving average of $10.59. The firm has a market capitalization of $718.71 million, a PE ratio of 13.58 and a beta of 2.23.

Key Spire Global News

Here are the key news stories impacting Spire Global this week:

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings upgraded Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Stifel Nicolaus boosted their target price on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen lowered Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. iA Financial set a $9.00 target price on Spire Global in a research report on Tuesday, December 23rd. Finally, Canaccord Genuity Group set a $22.00 target price on Spire Global and gave the company a “buy” rating in a research report on Friday. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Read Our Latest Analysis on SPIR

Institutional Trading of Spire Global

Large investors have recently modified their holdings of the company. Osaic Holdings Inc. purchased a new stake in shares of Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global in the third quarter valued at approximately $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares during the period. Atlantic Private Wealth LLC boosted its holdings in shares of Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

About Spire Global

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Spire Global (NYSE:SPIR)

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