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Peter Platzer, Executive Chairman of Spire (NYSE:SR) Global, Inc. (NYSE:SPIR), sold 130,191 shares of Class A Common Stock on July 8, 2025, for a total of $1,594,839. The shares were sold at prices ranging from $12.04 to $12.50. The stock, currently trading at $12.16, has shown significant volatility with a 52-week range of $6.26 to $21.43.
According to a Form 4 filing with the Securities and Exchange Commission, the same day, Platzer also exercised options to acquire 130,191 shares of Spire Global’s Class A Common Stock at an exercise price of $7.04, for a total value of $916,544. With a market capitalization of approximately $380 million, InvestingPro analysis indicates the stock is currently overvalued, with analysts setting price targets between $13 and $17.
Following these transactions, Platzer directly owns 1,614,199 shares of Spire Global. Additionally, 857,173 shares are indirectly owned by his spouse.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on May 20, 2024.
In other recent news, Spire Global has been actively engaging in strategic developments that could impact its financial trajectory. The company recently reported first-quarter results that exceeded expectations in revenue and adjusted EBITDA. Following these results, Stifel analysts adjusted their price target for Spire Global to $17.00, maintaining a Buy rating. Canaccord Genuity also raised its target to $16.00, reflecting optimism about the company’s future performance post the sale of its Maritime assets to Kpler.
This divestiture has strengthened Spire Global’s balance sheet, adding $136 million in cash and eliminating debt, which analysts believe positions the company for accelerated growth. Spire Global has also secured a position on a $237 million contract with the U.S. Space Force, marking a significant opportunity to contribute to space technology advancements. Additionally, the company is focused on expanding its Space Reconnaissance segment with agencies like the National Geospatial-Intelligence Agency and NATO Ministries of Defence.
Analysts from Stifel and Canaccord Genuity see potential for revenue growth and operational efficiencies, with projections of 12%-17% revenue increases by 2025. Spire Global’s management aims to achieve positive operating cash flow by the second half of 2025, aligning with strategic goals to enhance profitability and streamline operations. These developments suggest a concerted effort by Spire Global to capitalize on new opportunities and strengthen its market position.
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