Spire Global, Inc. (NYSE:SPIR) CEO Sells $742,015.26 in Stock

Spire Global, Inc. (NYSE:SPIR) CEO Peter Platzer sold 50,238 shares of Spire Global stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $14.77, for a total transaction of $742,015.26. Following the transaction, the chief executive officer now directly owns 1,891,703 shares in the company, valued at approximately $27,940,453.31. This represents a 2.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Spire Global Stock Up 2.5 %

Shares of SPIR stock opened at $15.98 on Friday. The firm’s fifty day moving average price is $10.65 and its two-hundred day moving average price is $10.40. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.35. Spire Global, Inc. has a 1 year low of $4.71 and a 1 year high of $19.40. The firm has a market capitalization of $388.60 million, a P/E ratio of -4.59 and a beta of 1.96.

Institutional Trading of Spire Global

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pathway Financial Advisers LLC acquired a new position in Spire Global during the first quarter valued at approximately $27,000. nVerses Capital LLC bought a new stake in shares of Spire Global during the 2nd quarter worth approximately $37,000. Quest Partners LLC boosted its holdings in shares of Spire Global by 869,900.0% in the 3rd quarter. Quest Partners LLC now owns 8,700 shares of the company’s stock valued at $87,000 after buying an additional 8,699 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Spire Global in the second quarter valued at $106,000. Finally, MetLife Investment Management LLC acquired a new position in Spire Global during the third quarter worth $136,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several recent analyst reports. Canaccord Genuity Group lifted their price objective on Spire Global from $12.00 to $18.00 and gave the company a “buy” rating in a report on Friday, November 15th. Baird R W lowered shares of Spire Global from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 15th. Alliance Global Partners increased their price objective on shares of Spire Global from $17.00 to $24.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Raymond James reaffirmed a “market perform” rating on shares of Spire Global in a research report on Wednesday, August 28th. Finally, Craig Hallum upgraded Spire Global from a “hold” rating to a “buy” rating and increased their target price for the stock from $8.00 to $20.00 in a report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $19.60.

About Spire Global

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.