Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells $21,792.10 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) Chairman Peter Platzer sold 1,801 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was sold at an average price of $12.10, for a total transaction of $21,792.10. Following the completion of the sale, the chairman directly owned 1,487,552 shares of the company’s stock, valued at $17,999,379.20. The trade was a 0.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 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 transaction 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 transaction of $498,390.84.

Spire Global Stock Down 0.5%

NYSE:SPIR opened at $21.45 on Monday. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $21.56. The firm has a 50 day moving average of $11.51 and a 200 day moving average of $10.59. The stock has a market capitalization of $718.71 million, a price-to-earnings ratio of 13.58 and a beta of 2.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their target price for the company from $17.00 to $9.00 in a research report on Tuesday, December 23rd. iA Financial set a $9.00 target price on shares of Spire Global in a research report on Tuesday, December 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 report on Friday. Finally, Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research 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 company. Based on data from MarketBeat, Spire Global has an average rating of “Moderate Buy” and an average target price of $14.67.

Get Our Latest Research Report on SPIR

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the second quarter worth $25,000. Russell Investments Group Ltd. purchased a new position in shares of Spire Global in the third quarter worth $25,000. Atlantic Private Wealth LLC raised 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 worth $33,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets raised 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 worth $33,000 after buying an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Spire Global in the fourth quarter worth $44,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global News Roundup

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

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.

Further Reading

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

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