Insider Selling: Spire Global (NYSE:SPIR) CEO Sells 24,644 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 24,644 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the completion of the sale, the chief executive officer owned 963,670 shares in the company, valued at approximately $18,377,186.90. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Monday, April 20th, Theresa Condor sold 1,200 shares of Spire Global stock. The shares were sold at an average price of $18.31, for a total transaction of $21,972.00.
• 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.

Spire Global Trading Up 10.3%

SPIR traded up $1.99 on Friday, hitting $21.20. The company had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. 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, Inc. has a 1 year low of $6.60 and a 1 year high of $23.59. The company’s fifty day moving average price is $16.31 and its 200 day moving average price is $11.82.

Spire Global (NYSE:SPIR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.01. The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. On average, analysts predict that Spire Global, Inc. will post -1.39 earnings per share for the current year.

Hedge Funds Weigh In On Spire Global

Institutional investors and hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. acquired a new position in shares of Spire Global during the second quarter worth about $25,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global during the third quarter worth about $25,000. Atlantic Private Wealth LLC grew its position in shares of Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of Spire Global during the fourth quarter worth about $44,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SPIR shares. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Stifel Nicolaus set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. 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. Finally, 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.