Spire Global (NYSE:SPIR) Reaches New 12-Month High – Should You Buy?

Spire Global, Inc. (NYSE:SPIR) shares hit a new 52-week high during trading on Thursday . The company traded as high as $15.65 and last traded at $15.9450, with a volume of 451207 shares trading hands. The stock had previously closed at $13.38.

Wall Street Analyst Weigh In

SPIR has been the subject of several recent research reports. iA Financial set a $9.00 price objective on Spire Global in a report on Tuesday, December 23rd. Alliance Global Partners lowered 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 research report on Tuesday, December 23rd. Canaccord Genuity Group raised their price target on Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Wall Street Zen lowered Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Finally, Stifel Nicolaus boosted their price target on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Spire Global Stock Up 14.6%

The business has a 50-day simple moving average of $10.80 and a 200-day simple moving average of $10.26. The stock has a market cap of $513.78 million, a P/E ratio of 9.71 and a beta of 2.22.

Insider Activity

In other news, Chairman Peter Platzer sold 58,428 shares of Spire Global stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $498,390.84. Following the transaction, the chairman directly owned 1,693,603 shares in the company, valued at approximately $14,446,433.59. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Perez Celia Pelez sold 19,134 shares of Spire Global 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 $163,213.02. Following the completion of the transaction, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. This represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 122,276 shares of company stock valued at $1,056,013. 14.68% of the stock is owned by insiders.

Hedge Funds Weigh In On Spire Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. AWM Investment Company Inc. lifted its holdings in shares of Spire Global by 1,044.0% during the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock worth $3,172,000 after acquiring an additional 243,246 shares during the period. Lane Generational LLC increased its stake in Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after acquiring an additional 214,532 shares during the period. Geode Capital Management LLC raised its position in Spire Global by 27.5% in the second quarter. Geode Capital Management LLC now owns 662,038 shares of the company’s stock worth $7,879,000 after purchasing an additional 142,987 shares in the last quarter. Stifel Financial Corp lifted its stake in Spire Global by 32.9% during the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares during the period. Finally, DNB Asset Management AS bought a new position in Spire Global during the fourth quarter worth about $933,000. 19.97% of the stock is currently owned by institutional investors.

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.