Peter Platzer Sells 7,184 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 7,184 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the sale, the chairman owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. This trade represents a 0.48% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Monday, April 20th, Peter Platzer sold 1,800 shares of Spire Global stock. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00.
• On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $23,160.86.

Spire Global Price Performance

Shares of Spire Global stock traded up $1.99 during trading on Friday, hitting $21.20. The stock had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. The firm’s fifty day simple moving average is $16.31 and its 200-day simple moving average is $11.82. The stock has a market cap of $820.46 million, a PE ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $23.59.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.01. The firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPIR. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of Spire Global in the 3rd quarter worth approximately $25,000. Atlantic Private Wealth LLC grew its position in shares of Spire Global by 50.0% in 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 last quarter. BNP Paribas Financial Markets grew its position 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 buying an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Spire Global in the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on SPIR shares. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Finally, HC Wainwright reaffirmed 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.30.

About Spire Global

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.