Peter Platzer Sells 1,801 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 1,801 shares of the stock in a transaction that occurred on Friday, March 20th. The shares were sold at an average price of $12.86, for a total transaction of $23,160.86. Following the sale, the chairman directly owned 1,691,802 shares of the company’s stock, valued at approximately $21,756,573.72. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Peter Platzer also recently made the following trade(s):

• 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 Performance

NYSE SPIR opened at $13.47 on Friday. The stock has a market capitalization of $451.08 million, a P/E ratio of 8.52 and a beta of 2.50. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $14.99. The business’s fifty day moving average is $10.75 and its two-hundred day moving average is $10.16.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SPIR. Canaccord Genuity Group boosted their target price on Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. HC Wainwright reiterated a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Stifel Nicolaus increased their price target on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, March 19th. Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Finally, iA Financial set a $9.00 price objective on Spire Global in a report on Tuesday, December 23rd. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Hedge Funds Weigh In On Spire Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. acquired a new stake in Spire Global during the 2nd quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global in the third quarter worth $25,000. BNP Paribas Financial Markets grew its holdings in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after buying an additional 1,260 shares in the last quarter. Atlantic Private Wealth LLC grew its holdings in shares of Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after buying an additional 1,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after buying an additional 1,699 shares during the period. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

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.