Theresa Condor Sells 1,200 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 1,200 shares of the company’s stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $18.31, for a total transaction of $21,972.00. Following the transaction, the chief executive officer directly owned 988,314 shares of the company’s stock, valued at approximately $18,096,029.34. This trade represents a 0.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total transaction of $15,444.86.
• 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 transaction of $355,803.36.

Spire Global Trading Down 4.2%

Shares of NYSE:SPIR opened at $17.51 on Friday. The company has a market cap of $587.08 million, a price-to-earnings ratio of 11.08 and a beta of 2.23. The company has a 50-day moving average price of $13.21 and a 200-day moving average price of $11.10. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $23.59.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new position in Spire Global in the third quarter worth about $396,000. Russell Investments Group Ltd. bought a new position in shares of Spire Global during the third quarter valued at approximately $25,000. Osaic Holdings Inc. bought a new position in shares of Spire Global during the second quarter valued at approximately $25,000. ARS Investment Partners LLC increased its stake in shares of Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock valued at $396,000 after purchasing an additional 785 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Spire Global during the fourth quarter valued at approximately $44,000. 19.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on SPIR shares. Stifel Nicolaus upped their price objective on shares of Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. HC Wainwright reissued a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Finally, Canaccord Genuity Group set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $14.67.

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.