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

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 58,428 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84. Following the transaction, the chairman owned 1,693,603 shares of the company’s stock, valued at approximately $14,446,433.59. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Spire Global Price Performance

Shares of NYSE:SPIR traded up $0.45 on Tuesday, reaching $8.85. 478,537 shares of the company traded hands, compared to its average volume of 724,741. The stock has a market capitalization of $292.84 million, a PE ratio of 23.28 and a beta of 2.46. The company’s 50 day moving average is $9.90 and its 200-day moving average is $9.94. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $14.52.

Institutional Investors Weigh In On Spire Global

Large investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. acquired a new stake in Spire Global in the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. bought a new stake in Spire Global in the third quarter valued at about $25,000. Atlantic Private Wealth LLC lifted its position in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Spire Global in the fourth quarter valued at approximately $44,000. Institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SPIR. HC Wainwright reissued a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. iA Financial set a $9.00 target price on shares of Spire Global in a report on Tuesday, December 23rd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a research report on Sunday, December 21st. Weiss Ratings restated a “sell (d+)” rating on shares of Spire Global in a report on Monday, December 22nd. Finally, Stifel Nicolaus set a $14.00 price objective on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, December 18th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Spire Global currently has an average rating of “Hold” and an average target price of $12.42.

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.