Insider Selling: Spire Global (NYSE:SPIR) COO Sells 19,134 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) COO Perez Celia Pelez sold 19,134 shares of the stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $163,213.02. Following the completion of the transaction, the chief operating officer directly owned 267,776 shares of the company’s stock, valued at $2,284,129.28. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Spire Global Stock Performance

Shares of Spire Global stock traded up $0.45 during midday trading on Tuesday, hitting $8.85. 478,537 shares of the company traded hands, compared to its average volume of 724,741. The firm’s fifty day moving average price is $9.90 and its 200-day moving average price is $9.94. The stock has a market cap of $292.84 million, a price-to-earnings ratio of 23.28 and a beta of 2.46. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $14.52.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Lane Generational LLC lifted its position in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares during the period. Geode Capital Management LLC lifted its holdings in Spire Global by 27.5% in the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock valued at $7,879,000 after buying an additional 142,987 shares during the period. State Street Corp boosted its position in Spire Global by 1.4% during the fourth quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after acquiring an additional 7,253 shares during the last quarter. Stifel Financial Corp grew its holdings in 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. Finally, AWM Investment Company Inc. grew its holdings in Spire Global by 25.7% during the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after acquiring an additional 85,492 shares during the period. Institutional investors own 19.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen cut Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Canaccord Genuity Group reduced their price target on Spire Global from $12.00 to $10.50 and set a “buy” rating on the stock in a report on Monday, December 22nd. iA Financial set a $9.00 target price on shares of Spire Global in a research report on Tuesday, December 23rd. Stifel Nicolaus set a $14.00 price target on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, December 18th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.42.

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.