Theresa Condor Sells 1,212 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CEO Theresa Condor sold 1,212 shares of the business’s stock in a transaction that occurred on Tuesday, October 21st. The stock was sold at an average price of $12.02, for a total value of $14,568.24. Following the completion of the transaction, the chief executive officer directly owned 1,031,036 shares in the company, valued at $12,393,052.72. The trade was a 0.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 Wednesday, January 21st, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.10, for a total value of $14,532.10.
  • On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total value of $15,444.86.
  • 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 Price Performance

Shares of SPIR opened at $21.45 on Friday. The company has a market capitalization of $718.71 million, a P/E ratio of 13.58 and a beta of 2.23. Spire Global, Inc. has a one year low of $6.60 and a one year high of $21.56. The business’s 50 day simple moving average is $11.51 and its 200-day simple moving average is $10.60.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SPIR. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $17.00 to $9.00 in a research report on Tuesday, December 23rd. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. iA Financial set a $9.00 price objective on shares of Spire Global in a research report on Tuesday, December 23rd. HC Wainwright restated a “buy” rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Finally, Stifel Nicolaus boosted their price objective on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $14.67.

View Our Latest Report on Spire Global

Spire Global News Roundup

Here are the key news stories impacting Spire Global this week:

Institutional Investors Weigh In On Spire Global

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPIR. Royal Bank of Canada increased its holdings in Spire Global by 164.6% in the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after purchasing an additional 29,066 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Spire Global by 78.3% in the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after purchasing an additional 8,395 shares during the last quarter. Rhumbline Advisers increased its holdings in Spire Global by 22.3% in the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock valued at $467,000 after purchasing an additional 7,165 shares during the last quarter. Invesco Ltd. increased its holdings in Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after purchasing an additional 2,062 shares during the last quarter. Finally, Marshall Wace LLP increased its holdings in Spire Global by 58.0% in the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,925 shares during the last quarter. Institutional investors own 19.97% of the company’s stock.

About Spire Global

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Spire Global (NYSE:SPIR)

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