Spire Global (NYSE:SPIR) CFO Alison Engel Sells 12,702 Shares

Spire Global, Inc. (NYSE:SPIR) CFO Alison Engel sold 12,702 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total transaction of $242,354.16. Following the completion of the sale, the chief financial officer owned 265,838 shares in the company, valued at $5,072,189.04. This represents a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Price Performance

Shares of Spire Global stock opened at $21.20 on Friday. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $23.59. The firm has a market capitalization of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42. The company’s 50 day moving average price is $16.51 and its two-hundred day moving average price is $11.89.

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SPIR. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings lowered shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, HC Wainwright restated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Hedge Funds Weigh In On Spire Global

Large investors have recently modified their holdings of the business. DNB Asset Management AS bought a new position in shares of Spire Global during the fourth quarter valued at $933,000. Tudor Investment Corp ET AL bought a new position in shares of Spire Global during the third quarter valued at $396,000. Auxano Advisors LLC raised its stake in shares of Spire Global by 12.1% during the fourth quarter. Auxano Advisors LLC now owns 29,150 shares of the company’s stock valued at $219,000 after acquiring an additional 3,150 shares during the last quarter. Parvin Asset Management LLC raised its stake in shares of Spire Global by 11.4% during the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock valued at $148,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Granite Investment Partners LLC bought a new position in shares of Spire Global during the first quarter valued at $129,000. 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.