Spire Global, Inc. (NYSE:SPIR – Get Free Report) Chairman Peter Platzer sold 17,954 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $11.02, for a total value of $197,853.08. Following the completion of the sale, the chairman owned 1,455,514 shares in the company, valued at $16,039,764.28. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Peter Platzer also recently made the following trade(s):
- On Thursday, August 20th, Peter Platzer sold 5,100 shares of Spire Global stock. The stock was sold at an average price of $14.09, for a total value of $71,859.00.
Spire Global Price Performance
Shares of SPIR stock opened at $10.66 on Thursday. The stock has a market capitalization of $417.02 million, a PE ratio of -3.99 and a beta of 2.81. The business’s 50 day simple moving average is $12.50 and its 200 day simple moving average is $15.44. Spire Global, Inc. has a one year low of $6.60 and a one year high of $25.93.
Hedge Funds Weigh In On Spire Global
Large investors have recently modified their holdings of the company. AWM Investment Company Inc. bought a new position in shares of Spire Global in the second quarter valued at $7,692,000. Bank of New York Mellon Corp bought a new stake in Spire Global during the 2nd quarter worth approximately $1,737,000. Royal Bank of Canada raised its stake in shares of Spire Global by 9.9% in the first quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock worth $989,000 after purchasing an additional 7,113 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Spire Global by 27.1% in the first quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock worth $957,000 after purchasing an additional 16,227 shares during the last quarter. Finally, ARS Investment Partners LLC lifted its holdings in shares of Spire Global by 2.6% in the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after purchasing an additional 785 shares in the last quarter. 19.97% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on SPIR. Weiss Ratings downgraded Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 27th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 15th. Finally, Benchmark reiterated a “buy” rating on shares of Spire Global in a report on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.70.
Check Out Our Latest Analysis on SPIR
About Spire Global
Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.
Spire’s products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.
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