Peter Platzer Sells 51,346 Shares of Spire Global, Inc. (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 51,346 shares of the stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $11.27, for a total value of $578,669.42. Following the completion of the transaction, the chairman now owns 1,840,357 shares of the company’s stock, valued at $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Spire Global Trading Up 1.2 %

Shares of NYSE SPIR traded up $0.14 during midday trading on Tuesday, reaching $11.28. 562,976 shares of the company were exchanged, compared to its average volume of 726,327. Spire Global, Inc. has a 1 year low of $6.26 and a 1 year high of $21.43. The stock has a fifty day simple moving average of $15.25 and a 200 day simple moving average of $12.35. The stock has a market cap of $274.28 million, a P/E ratio of -3.24 and a beta of 2.27.

Hedge Funds Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC purchased a new stake in Spire Global in the 4th quarter valued at approximately $397,000. Two Sigma Investments LP boosted its holdings in Spire Global by 4.3% in the 4th quarter. Two Sigma Investments LP now owns 38,009 shares of the company’s stock valued at $535,000 after purchasing an additional 1,550 shares in the last quarter. Shay Capital LLC purchased a new stake in Spire Global in the 4th quarter valued at approximately $410,000. Numerai GP LLC purchased a new stake in Spire Global in the 4th quarter valued at approximately $234,000. Finally, Granahan Investment Management LLC purchased a new stake in Spire Global in the 4th quarter valued at approximately $1,774,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

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

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.