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 the business’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $578,669.42. Following the sale, the chairman now owns 1,840,357 shares in the company, valued at approximately $20,740,823.39. The trade was a 2.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Spire Global Stock Up 1.2 %

Spire Global stock opened at $11.28 on Wednesday. Spire Global, Inc. has a 52 week low of $6.26 and a 52 week high of $21.43. The business has a 50-day simple moving average of $15.20 and a 200 day simple moving average of $12.36. The stock has a market cap of $274.26 million, a price-to-earnings 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 modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Spire Global by 6.2% in the 4th quarter. Vanguard Group Inc. now owns 1,104,482 shares of the company’s stock worth $15,540,000 after purchasing an additional 64,632 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Spire Global by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 509,644 shares of the company’s stock worth $7,172,000 after purchasing an additional 3,551 shares in the last quarter. State Street Corp boosted its holdings in shares of Spire Global by 53.1% in the 3rd quarter. State Street Corp now owns 428,854 shares of the company’s stock worth $4,284,000 after purchasing an additional 148,803 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Spire Global by 45.7% in the 3rd quarter. Stifel Financial Corp now owns 242,660 shares of the company’s stock worth $2,424,000 after purchasing an additional 76,119 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Spire Global by 6.4% in the 4th quarter. Northern Trust Corp now owns 188,393 shares of the company’s stock worth $2,651,000 after purchasing an additional 11,373 shares in the last quarter. 19.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPIR. Canaccord Genuity Group boosted 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. Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and boosted their price objective for the company from $8.00 to $20.00 in a research note on Thursday, November 14th. Alliance Global Partners boosted their target price on Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Robert W. Baird boosted their target price on Spire Global from $6.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.