Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells 1,800 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 1,800 shares of Spire Global stock in a transaction on Monday, April 20th. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00. Following the transaction, the chairman directly owned 1,485,752 shares of the company’s stock, valued at approximately $27,204,119.12. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total transaction of $23,160.86.
• On Friday, February 20th, Peter Platzer sold 58,428 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84.

Spire Global Stock Down 2.6%

Shares of NYSE SPIR traded down $0.48 during mid-day trading on Wednesday, reaching $18.26. 2,169,397 shares of the company were exchanged, compared to its average volume of 1,207,375. The stock has a market capitalization of $612.29 million, a P/E ratio of 11.56 and a beta of 2.23. The company’s 50-day simple moving average is $12.86 and its 200-day simple moving average is $11.01. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $23.59.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Alliance Global Partners downgraded shares of Spire Global from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Stifel Nicolaus increased their target price on Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. iA Financial set a $9.00 price target on Spire Global in a report on Tuesday, December 23rd. Weiss Ratings upgraded Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Finally, Canaccord Genuity Group set a $22.00 price objective on Spire Global and gave the company a “buy” rating in a report on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Institutional Trading of Spire Global

A number of institutional investors have recently bought and sold shares of the business. Lane Generational LLC grew its position in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares in the last quarter. Stifel Financial Corp increased its position in shares of Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares during the period. DNB Asset Management AS acquired a new stake in Spire Global during the fourth quarter worth about $933,000. Raymond James Financial Inc. boosted its position in shares of Spire Global by 210.0% during the 2nd quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock worth $2,046,000 after acquiring an additional 116,488 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in Spire Global during the second quarter worth $1,375,000. Institutional investors 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.