Spire Global, Inc. (NYSE:SPIR – Get Free Report) Chairman Peter Platzer sold 1,801 shares of the firm’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $12.45, for a total transaction of $22,422.45. Following the completion of the sale, the chairman owned 1,604,359 shares of the company’s stock, valued at $19,974,269.55. This trade represents a 0.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 Price Performance
Shares of SPIR opened at $21.45 on Monday. Spire Global, Inc. has a one year low of $6.60 and a one year high of $21.56. The company 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.
Wall Street Analysts Forecast Growth
Check Out Our Latest Report on SPIR
Spire Global News Roundup
Here are the key news stories impacting Spire Global this week:
- Positive Sentiment: Unusually large call‑option buying (3,033 calls, ~+284% vs. typical daily volume) suggests bullish speculative flows or hedged buying that can amplify upward price moves.
- Positive Sentiment: Shares traded on significantly higher volume versus average (indicative of fresh buyer interest and short‑covering), supporting the intraday recovery.
- Neutral Sentiment: Analyst/coverage piece and product focus: expanded AI agriculture intelligence platform could be a longer‑term revenue catalyst, but timing and monetization are uncertain. Assessing Spire Global (SPIR) Valuation After Expanded AI Agriculture Intelligence Platform Launch
- Negative Sentiment: Spire announced a $70 million private placement to raise capital; the raise is dilutive and was the proximate cause of the initial selloff. Spire Global Announces $70.0 Million Private Placement
- Negative Sentiment: Market headlines emphasized the dilutive raise and drove sharp downside pressure shortly after the announcement. Spire Global Shares Sink on $70 Million Private Placement Spire Global stock tumbles 20% on dilutive private placement Spire Global to raise $70 million in private placement
- Negative Sentiment: Guidance was trimmed: FY‑2026 EPS and revenue ranges imply slightly worse EPS vs. consensus and a revenue midpoint roughly in line to below expectations; Q1 revenue and EPS guidance are notably below consensus — a clear short‑term headwind.
Hedge Funds Weigh In On Spire Global
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Lane Generational LLC increased its stake in shares of Spire Global by 40.4% during the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after purchasing an additional 214,532 shares in the last quarter. State Street Corp increased its stake in shares of Spire Global by 1.4% during the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after purchasing an additional 7,253 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Spire Global by 32.9% during the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after purchasing an additional 129,990 shares in the last quarter. AWM Investment Company Inc. increased its position in shares of Spire Global by 25.7% during the fourth quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock valued at $3,137,000 after acquiring an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP increased its position in shares of Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after acquiring an additional 98,925 shares in the last quarter. Institutional investors own 19.97% of the company’s stock.
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.
Further Reading
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.
