Insider Selling: Spire Global (NYSE:SPIR) COO Sells 4,660 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) COO Perez Celia Pelez sold 4,660 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $88,866.20. Following the transaction, the chief operating officer directly owned 263,116 shares in the company, valued at $5,017,622.12. This trade represents a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Trading Up 10.3%

Shares of SPIR traded up $1.99 during trading hours on Friday, hitting $21.20. 1,508,621 shares of the stock traded hands, compared to its average volume of 1,457,131. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $23.59. The firm has a market capitalization of $820.46 million, a PE ratio of 13.50 and a beta of 2.42. The business has a fifty day moving average of $16.31 and a 200-day moving average of $11.82.

Spire Global (NYSE:SPIR) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. As a group, equities research analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SPIR shares. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. HC Wainwright reissued a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average target price of $16.30.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. bought a new position in shares of Spire Global during the second quarter worth about $25,000. Russell Investments Group Ltd. bought a new position in shares of Spire Global during the third quarter worth about $25,000. Atlantic Private Wealth LLC grew its holdings in shares of Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Spire Global during the fourth quarter worth about $44,000. 19.97% of the stock is currently owned by institutional investors.

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.