Spire Global (NYSE:SPIR) Stock Price Down 9.1% – Time to Sell?

Spire Global, Inc. (NYSE:SPIR)’s stock price traded down 9.1% on Tuesday . The company traded as low as $15.78 and last traded at $15.47. 528,236 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,305,459 shares. The stock had previously closed at $17.02.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SPIR. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, June 4th. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Three 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, Spire Global currently has a consensus rating of “Moderate Buy” and an average price target of $16.70.

Spire Global Trading Down 5.1%

The firm’s fifty day moving average price is $18.55 and its 200-day moving average price is $12.89. The company has a market cap of $625.55 million, a P/E ratio of 10.29 and a beta of 2.48.

Spire Global (NYSE:SPIR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) 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 firm had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. As a group, research analysts forecast that Spire Global, Inc. will post -1.35 earnings per share for the current fiscal year.

Insider Transactions at Spire Global

In other Spire Global news, CEO Theresa Condor sold 24,644 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the completion of the transaction, the chief executive officer owned 963,670 shares in the company, valued at $18,377,186.90. This trade represents a 2.49% decrease in their ownership of the stock. The sale was disclosed in a document filed 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. Also, COO Perez Celia Pelez sold 4,660 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief operating officer owned 263,116 shares in the company, valued at approximately $5,017,622.12. This represents a 1.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 58,299 shares of company stock worth $1,091,038. 13.04% of the stock is currently owned by company insiders.

Institutional Trading of Spire Global

A number of large investors have recently bought and sold shares of SPIR. ARS Investment Partners LLC raised its stake in Spire Global by 2.6% during the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after acquiring an additional 785 shares in the last quarter. Parvin Asset Management LLC grew its holdings in shares of Spire Global by 11.4% in the 1st quarter. Parvin Asset Management LLC now owns 11,725 shares of the company’s stock worth $148,000 after purchasing an additional 1,200 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Spire Global by 12.7% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,025 shares of the company’s stock valued at $179,000 after buying an additional 1,695 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after buying an additional 1,699 shares in the last quarter. 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.