Spire Global (NYSE:SPIR) CEO Sells $15,444.86 in Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 1,201 shares of the stock in a transaction on Friday, March 20th. The stock was sold at an average price of $12.86, for a total value of $15,444.86. Following the completion of the sale, the chief executive officer owned 1,115,380 shares of the company’s stock, valued at $14,343,786.80. The trade was a 0.11% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Theresa Condor also recently made the following trade(s):

• On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total value of $355,803.36.

Spire Global Stock Down 8.5%

NYSE SPIR opened at $12.34 on Friday. The firm has a market cap of $413.29 million, a price-to-earnings ratio of 7.81 and a beta of 2.50. The business has a 50-day moving average price of $10.76 and a 200-day moving average price of $10.18. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $14.99.

Hedge Funds Weigh In On Spire Global

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC purchased a new position in Spire Global during the 4th quarter valued at approximately $89,000. XTX Topco Ltd raised its holdings in shares of Spire Global by 26.8% during the 4th quarter. XTX Topco Ltd now owns 55,702 shares of the company’s stock worth $418,000 after acquiring an additional 11,780 shares in the last quarter. Tudor Investment Corp ET AL raised its holdings in shares of Spire Global by 24.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company’s stock worth $335,000 after acquiring an additional 8,635 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Spire Global during the 4th quarter valued at approximately $193,000. Finally, Engineers Gate Manager LP bought a new position in shares of Spire Global during the 4th quarter valued at approximately $154,000. 19.97% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SPIR has been the subject of several recent analyst reports. Stifel Nicolaus upped their price target on Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. HC Wainwright reiterated a “buy” rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. iA Financial set a $9.00 target price on shares of Spire Global in a research report on Tuesday, December 23rd. Finally, Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

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.