Insider Selling: Spire Global, Inc. (NYSE:SPIR) Chairman Sells $578,669.42 in Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 51,346 shares of Spire Global stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $578,669.42. Following the transaction, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. This trade represents a 2.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Spire Global Stock Up 2.6 %

Shares of NYSE SPIR opened at $11.34 on Friday. Spire Global, Inc. has a twelve month low of $6.26 and a twelve month high of $21.43. The stock’s 50 day moving average price is $15.15 and its 200-day moving average price is $12.34. The company has a market capitalization of $275.77 million, a PE ratio of -3.26 and a beta of 2.27.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Robert W. Baird lifted their price target on Spire Global from $6.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Alliance Global Partners lifted their price target on Spire Global from $17.00 to $24.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and lifted their price target for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group lifted their price target on Spire Global from $18.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and a consensus price target of $19.80.

Hedge Funds Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPIR. SBI Securities Co. Ltd. purchased a new position in shares of Spire Global in the 4th quarter worth approximately $37,000. BNP Paribas Financial Markets bought a new stake in shares of Spire Global in the 4th quarter worth approximately $42,000. Quest Partners LLC raised its holdings in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock worth $87,000 after purchasing an additional 8,699 shares during the period. Sanctuary Advisors LLC raised its holdings in shares of Spire Global by 15.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 12,424 shares of the company’s stock worth $124,000 after purchasing an additional 1,700 shares during the period. Finally, Promus Capital LLC bought a new stake in shares of Spire Global in the 4th quarter worth approximately $135,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Spire Global Company Profile

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.