Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells $17,905.60 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) Chairman Peter Platzer sold 1,805 shares of the company’s stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $9.92, for a total value of $17,905.60. Following the completion of the transaction, the chairman directly owned 1,606,160 shares of the company’s stock, valued at approximately $15,933,107.20. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 stock was 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 stock was sold at an average price of $8.53, for a total value of $498,390.84.

Spire Global Stock Down 0.5%

Shares of SPIR opened at $21.45 on Monday. Spire Global, Inc. has a 12-month low of $6.60 and a 12-month 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 stock has a market cap of $718.71 million, a PE ratio of 13.58 and a beta of 2.23.

Institutional Investors Weigh In On Spire Global

Several large investors have recently added to or reduced their stakes in the business. Lane Generational LLC grew its stake in Spire Global by 40.4% during the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares during the period. State Street Corp grew its stake in Spire Global by 1.4% during the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after purchasing an additional 7,253 shares during the period. Stifel Financial Corp grew its stake in Spire Global by 32.9% during the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares during the period. AWM Investment Company Inc. grew its stake in Spire Global by 25.7% during the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after purchasing an additional 85,492 shares during the period. Finally, Marshall Wace LLP grew its stake in Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after purchasing an additional 98,925 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

Analysts Set New Price Targets

SPIR has been the subject of a number of recent research reports. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. iA Financial set a $9.00 target price on Spire Global in a report on Tuesday, December 23rd. Canaccord Genuity Group set a $22.00 target price on Spire Global and gave the stock a “buy” rating in a report on Friday. Finally, Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and a consensus price target of $14.67.

View Our Latest Report on SPIR

Spire Global News Roundup

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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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