Johann Gabriel Oehme Sells 3,107 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CTO Johann Gabriel Oehme sold 3,107 shares of Spire Global stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $59,250.49. Following the sale, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This represents a 1.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 10.3%

NYSE:SPIR traded up $1.99 during trading hours on Friday, hitting $21.20. 1,508,621 shares of the company’s stock traded hands, compared to its average volume of 1,457,131. The business’s fifty day simple moving average is $16.31 and its two-hundred day simple moving average is $11.82. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $23.59. The firm has a market cap of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42.

Spire Global (NYSE:SPIR) last issued its quarterly 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. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $15.08 million. On average, analysts expect that Spire Global, Inc. will post -1.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SPIR. Lane Generational LLC grew its holdings in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after acquiring an additional 214,532 shares during the period. Stifel Financial Corp grew its holdings in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after acquiring an additional 129,990 shares during the period. DNB Asset Management AS purchased a new position in shares of Spire Global during the 4th quarter worth approximately $933,000. Raymond James Financial Inc. grew its holdings in shares of Spire Global by 210.0% during the 2nd quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock worth $2,046,000 after acquiring an additional 116,488 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Spire Global during the 2nd quarter worth approximately $1,375,000. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SPIR shares. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Stifel Nicolaus set a $22.00 price target on Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, HC Wainwright restated a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.30.

Spire Global Company Profile

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.