Spire Global (NYSE:SPIR) CEO Theresa Condor Sells 41,712 Shares

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 41,712 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the transaction, the chief executive officer owned 1,116,581 shares in the company, valued at $9,524,435.93. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Spire Global Trading Up 5.3%

NYSE SPIR traded up $0.45 during trading on Tuesday, reaching $8.85. The company’s stock had a trading volume of 478,537 shares, compared to its average volume of 724,741. The stock has a market capitalization of $292.84 million, a PE ratio of 23.28 and a beta of 2.46. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $14.52. The business has a 50-day moving average price of $9.90 and a 200-day moving average price of $9.94.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Osaic Holdings Inc. bought a new position in Spire Global in the second quarter worth $25,000. Russell Investments Group Ltd. acquired a new position in shares of Spire Global in the 3rd quarter valued at $25,000. BNP Paribas Financial Markets lifted its holdings in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares during the period. Atlantic Private Wealth LLC boosted its position in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after acquiring an additional 1,699 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on SPIR. HC Wainwright reiterated 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. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Spire Global in a research report on Monday, December 22nd. Canaccord Genuity Group reduced their price objective on shares of Spire Global from $12.00 to $10.50 and set a “buy” rating for the company in a research note on Monday, December 22nd. Alliance Global Partners lowered shares of Spire Global from a “buy” rating to a “neutral” rating and lowered their target price for the company from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Finally, Stifel Nicolaus set a $14.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, December 18th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $12.42.

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.