Spire Global (NYSE:SPIR) Trading Up 8.2% – Here’s What Happened

Spire Global, Inc. (NYSE:SPIR)’s share price was up 8.2% during mid-day trading on Thursday . The stock traded as high as $16.84 and last traded at $17.1090. Approximately 114,144 shares were traded during trading, a decline of 90% from the average daily volume of 1,199,401 shares. The stock had previously closed at $15.81.

Analyst Upgrades and Downgrades

SPIR has been the subject of a number of recent research reports. Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a report on Friday, April 10th. HC Wainwright reissued a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. Stifel Nicolaus lifted their price objective on Spire Global from $16.00 to $19.00 and gave the company a “buy” rating in a report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Spire Global currently has an average rating of “Moderate Buy” and a consensus target price of $15.17.

Spire Global Stock Up 2.0%

The firm has a market cap of $609.61 million, a PE ratio of 11.51 and a beta of 2.42. The stock has a 50 day moving average price of $13.93 and a two-hundred day moving average price of $11.21.

Insiders Place Their Bets

In related news, CEO Theresa Condor sold 41,712 shares of the company’s 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 sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Peter Platzer sold 1,800 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $18.31, for a total value of $32,958.00. Following the completion of the sale, the chairman owned 1,485,752 shares in the company, valued at approximately $27,204,119.12. This represents a 0.12% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 138,033 shares of company stock worth $1,219,760 over the last ninety days. Insiders own 13.04% of the company’s stock.

Institutional Investors Weigh In On Spire Global

A number of large investors have recently bought and sold shares of SPIR. Granite Investment Partners LLC acquired a new position in shares of Spire Global during the 1st quarter worth approximately $129,000. ARS Investment Partners LLC raised its stake in shares of Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after buying an additional 785 shares during the period. NewEdge Advisors LLC acquired a new position in shares of Spire Global during the 4th quarter worth approximately $89,000. XTX Topco Ltd raised its stake in shares of Spire Global by 26.8% during the 4th quarter. XTX Topco Ltd now owns 55,702 shares of the company’s stock worth $418,000 after buying an additional 11,780 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in shares of Spire Global by 24.0% during the 4th quarter. Tudor Investment Corp ET AL now owns 44,651 shares of the company’s stock worth $335,000 after buying an additional 8,635 shares during the period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

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.