Spire Global (NYSE:SPIR) Shares Gap Up – What’s Next?

Spire Global, Inc. (NYSE:SPIR) gapped up prior to trading on Monday . The stock had previously closed at $16.29, but opened at $17.19. Spire Global shares last traded at $16.9830, with a volume of 162,215 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on SPIR. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Weiss Ratings lowered shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, June 4th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Finally, 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. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $16.70.

Spire Global Stock Up 5.4%

The firm has a market cap of $719.93 million, a P/E ratio of 11.85 and a beta of 2.48. The business’s 50 day moving average is $18.63 and its 200-day moving average is $13.93.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. The firm had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. As a group, equities analysts predict that Spire Global, Inc. will post -1.35 earnings per share for the current year.

Insider Transactions at Spire Global

In other news, Chairman Peter Platzer sold 7,184 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the sale, the chairman directly owned 1,478,568 shares in the company, valued at approximately $28,211,077.44. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Perez Celia Pelez sold 4,660 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $88,866.20. Following the completion of the sale, the chief operating officer owned 263,116 shares of the company’s stock, valued at $5,017,622.12. This trade represents a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 55,297 shares of company stock valued at $1,052,433 over the last 90 days. Corporate insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in Spire Global by 27.1% during the first quarter. Bank of America Corp DE now owns 76,101 shares of the company’s stock valued at $957,000 after purchasing an additional 16,227 shares during the last quarter. Parvin Asset Management LLC raised its holdings in shares of Spire Global by 11.4% during the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares during the period. Royal Bank of Canada raised its holdings in shares of Spire Global by 9.9% during the first quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock worth $989,000 after purchasing an additional 7,113 shares during the period. Granite Investment Partners LLC bought a new position in shares of Spire Global in the 1st quarter worth about $129,000. Finally, ARS Investment Partners LLC lifted its position in shares of Spire Global by 2.6% in the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after buying an additional 785 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.