Spire Global (NYSE:SPIR) Chairman Peter Platzer Sells 58,428 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 58,428 shares of Spire Global stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $498,390.84. Following the sale, the chairman directly owned 1,693,603 shares in the company, valued at $14,446,433.59. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Spire Global Trading Up 5.3%

Shares of SPIR opened at $8.85 on Wednesday. The stock has a market cap of $292.84 million, a PE ratio of 23.28 and a beta of 2.46. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $14.52. The stock has a 50 day simple moving average of $9.89 and a 200-day simple moving average of $9.94.

Wall Street Analyst Weigh In

SPIR has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a research note on Monday, December 22nd. Stifel Nicolaus set a $14.00 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, December 18th. Wall Street Zen downgraded Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. iA Financial set a $9.00 target price on Spire Global in a report on Tuesday, December 23rd. Finally, Canaccord Genuity Group lowered their target price on Spire Global from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Monday, December 22nd. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Spire Global has a consensus rating of “Hold” and a consensus target price of $12.42.

Hedge Funds Weigh In On Spire Global

Several large investors have recently made changes to their positions in SPIR. AWM Investment Company Inc. lifted its position in Spire Global by 1,044.0% during the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock valued at $3,172,000 after purchasing an additional 243,246 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Spire Global in the second quarter valued at approximately $345,000. Prescott Group Capital Management L.L.C. bought a new position in Spire Global in the second quarter valued at approximately $1,190,000. XTX Topco Ltd acquired a new stake in Spire Global during the 2nd quarter worth $1,107,000. Finally, Rockefeller Capital Management L.P. bought a new stake in shares of Spire Global during the 2nd quarter valued at $636,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

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.