Insider Selling: Spire Global (NYSE:SPIR) CEO Sells 1,201 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 1,201 shares of the stock in a transaction on Friday, March 20th. The shares were sold at an average price of $12.86, for a total value of $15,444.86. Following the transaction, the chief executive officer directly owned 1,115,380 shares of the company’s stock, valued at approximately $14,343,786.80. The trade was a 0.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The stock was sold at an average price of $8.53, for a total value of $355,803.36.

Spire Global Stock Performance

SPIR opened at $12.86 on Wednesday. The company has a market capitalization of $430.64 million, a PE ratio of 8.14 and a beta of 2.50. The stock’s fifty day moving average is $10.65 and its 200-day moving average is $10.11. Spire Global, Inc. has a one year low of $6.60 and a one year high of $14.52.

Institutional Investors Weigh In On Spire Global

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in Spire Global during the fourth quarter valued at about $89,000. XTX Topco Ltd raised its holdings in shares of Spire Global by 26.8% during the fourth quarter. XTX Topco Ltd now owns 55,702 shares of the company’s stock valued at $418,000 after acquiring an additional 11,780 shares during the period. Tudor Investment Corp ET AL raised its holdings in shares of Spire Global by 24.0% during the fourth quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company’s stock valued at $335,000 after acquiring an additional 8,635 shares during the period. Quadrature Capital Ltd purchased a new stake in shares of Spire Global in the 4th quarter valued at approximately $193,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Spire Global in the 4th quarter valued at approximately $154,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday. HC Wainwright reaffirmed a “buy” rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Alliance Global Partners downgraded shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. iA Financial set a $9.00 target price on shares of Spire Global in a research note on Tuesday, December 23rd. Finally, Wall Street Zen cut shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

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.