Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells $21,840.34 in Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) Chairman Peter Platzer sold 1,817 shares of Spire Global stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $12.02, for a total transaction of $21,840.34. Following the transaction, the chairman owned 1,545,948 shares in the company, valued at approximately $18,582,294.96. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available 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 transaction 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 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 Stock Down 0.5%

Shares of SPIR stock opened at $21.45 on Monday. The stock has a market cap of $718.71 million, a P/E ratio of 13.58 and a beta of 2.23. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $21.56. The company’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $10.59.

Institutional Trading of Spire Global

A number of large investors have recently made changes to their positions in the business. Lane Generational LLC increased its holdings 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 worth $5,589,000 after buying an additional 214,532 shares during the last quarter. State Street Corp increased its holdings 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 worth $3,961,000 after buying an additional 7,253 shares during the last quarter. Stifel Financial Corp increased its holdings 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 worth $3,934,000 after buying an additional 129,990 shares during the last quarter. AWM Investment Company Inc. increased its holdings 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 worth $3,137,000 after buying an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings 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 worth $3,206,000 after buying an additional 98,925 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Spire Global News Roundup

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

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Canaccord Genuity Group set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research note on Friday. Stifel Nicolaus boosted their price target on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Finally, Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Spire Global has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Read Our Latest Analysis on SPIR

Spire Global Company Profile

(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)

Receive News & Ratings for Spire Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Global and related companies with MarketBeat.com's FREE daily email newsletter.