Spire Global (NYSE:SPIR) Reaches New 52-Week High – What’s Next?

Shares of Spire Global, Inc. (NYSE:SPIR) hit a new 52-week high during trading on Wednesday . The stock traded as high as $17.29 and last traded at $16.9910, with a volume of 660423 shares. The stock had previously closed at $15.57.

Analyst Ratings Changes

SPIR has been the topic of several research analyst reports. Alliance Global Partners cut shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Stifel Nicolaus boosted their price target on shares of Spire Global from $14.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, March 19th. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. HC Wainwright reiterated a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Finally, iA Financial set a $9.00 price target on shares of Spire Global in a research note on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Spire Global Trading Up 30.5%

The firm’s 50-day moving average price is $11.04 and its 200-day moving average price is $10.42. The stock has a market capitalization of $680.87 million, a PE ratio of 12.87 and a beta of 2.23.

Insider Activity

In other news, CEO Theresa Condor sold 41,712 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $355,803.36. Following the sale, the chief executive officer directly owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. This represents a 3.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Peter Platzer sold 58,428 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $498,390.84. Following the sale, the chairman owned 1,693,603 shares in the company, valued at $14,446,433.59. This represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 122,276 shares of company stock worth $1,056,013. 14.68% of the stock is currently owned by corporate insiders.

Institutional Trading of Spire Global

Hedge funds have recently made changes to their positions in the business. AWM Investment Company Inc. raised its position in Spire Global by 1,044.0% in the 2nd quarter. AWM Investment Company Inc. now owns 266,545 shares of the company’s stock worth $3,172,000 after purchasing an additional 243,246 shares during the period. Engineers Gate Manager LP bought a new stake in Spire Global in the fourth quarter worth about $154,000. Invesco Ltd. lifted its stake in Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after purchasing an additional 2,062 shares during the last quarter. Quantbot Technologies LP bought a new stake in Spire Global in the third quarter worth about $141,000. Finally, NewEdge Advisors LLC bought a new stake in Spire Global in the fourth quarter worth about $89,000. 19.97% of the stock is currently owned by hedge funds and other 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.