Spire Global (NYSE:SPIR) Reaches New 12-Month High – Still a Buy?

Spire Global, Inc. (NYSE:SPIR) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.12 and last traded at $24.60, with a volume of 1053050 shares trading hands. The stock had previously closed at $21.16.

Analysts Set New Price Targets

Several research analysts have issued reports on SPIR shares. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

Spire Global Stock Up 11.9%

The firm has a market capitalization of $916.27 million, a PE ratio of 15.08 and a beta of 2.42. The firm’s fifty day simple moving average is $16.72 and its 200-day simple moving average is $11.98.

Spire Global (NYSE:SPIR) last issued 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. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The business had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. As a group, analysts predict that Spire Global, Inc. will post -1.39 earnings per share for the current year.

Insider Transactions at Spire Global

In other news, CFO Alison K. Engel sold 12,702 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $242,354.16. Following the completion of the sale, the chief financial officer directly owned 265,838 shares in the company, valued at $5,072,189.04. The trade was a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the sale, the chief technology officer owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This represents a 1.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 58,299 shares of company stock valued at $1,091,038. Company insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Large investors have recently made changes to their positions in the stock. DNB Asset Management AS bought a new stake in shares of Spire Global in the fourth quarter worth approximately $933,000. Tudor Investment Corp ET AL bought a new stake in shares of Spire Global in the third quarter worth approximately $396,000. Auxano Advisors LLC grew its stake in shares of Spire Global by 12.1% in the fourth quarter. Auxano Advisors LLC now owns 29,150 shares of the company’s stock worth $219,000 after acquiring an additional 3,150 shares during the period. Parvin Asset Management LLC grew its stake in shares of Spire Global by 11.4% in the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after acquiring an additional 1,200 shares during the period. Finally, Granite Investment Partners LLC bought a new stake in shares of Spire Global in the first quarter worth approximately $129,000. 19.97% of the stock is currently owned by institutional investors.

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.