Key Points
- Peter Platzer sold 117,236 shares of Spire Global on Nov. 11 at an average price of $8.40, netting $984,782.40 and reducing his holding by 7.36% to 1,476,164 shares (SEC filing).
- Spire Global shares were trading down about 7.1% (opened at $7.64), with a market cap near $250 million and a 1‑year trading range of $6.85–$21.43.
- Analysts are mixed — the consensus rating is "Hold" with a $14.33 average price target (two Buys, one Hold, one Sell reported).
Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 117,236 shares of Spire Global stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $8.40, for a total transaction of $984,782.40. Following the completion of the sale, the chairman directly owned 1,476,164 shares of the company's stock, valued at approximately $12,399,777.60. The trade was a 7.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Spire Global Trading Down 7.1%
Spire Global stock opened at $7.64 on Friday. The firm has a market capitalization of $250.08 million, a price-to-earnings ratio of 15.60 and a beta of 2.41. The firm's fifty day moving average price is $10.92 and its two-hundred day moving average price is $10.63. Spire Global, Inc. has a 1-year low of $6.85 and a 1-year high of $21.43.
Hedge Funds Weigh In On Spire Global
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlantic Private Wealth LLC grew its holdings in Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company's stock valued at $33,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock valued at $33,000 after buying an additional 1,260 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Spire Global by 12.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company's stock valued at $179,000 after buying an additional 1,695 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Spire Global by 71.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company's stock worth $49,000 after acquiring an additional 1,699 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Spire Global by 3.4% in the 1st quarter. Bank of New York Mellon Corp now owns 52,760 shares of the company's stock worth $427,000 after acquiring an additional 1,712 shares during the last quarter. Hedge funds and other institutional investors own 19.97% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently weighed in on SPIR shares. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Spire Global in a research report on Wednesday, October 8th. Canaccord Genuity Group restated a "buy" rating and issued a $12.00 target price (down previously from $16.00) on shares of Spire Global in a report on Wednesday. Finally, Wall Street Zen raised Spire Global from a "sell" rating to a "hold" rating in a research report on Saturday, November 8th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $14.33.
Check Out Our Latest Stock Analysis on SPIR
Spire Global Company Profile
(
Get Free Report)
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.
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