Spire Global (NYSE:SPIR) Trading Up 7.4% – Still a Buy?

Shares of Spire Global, Inc. (NYSE:SPIR) shot up 7.4% on Tuesday . The stock traded as high as $15.00 and last traded at $15.0290. Approximately 188,477 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 1,313,814 shares. The stock had previously closed at $13.99.

Analyst Ratings Changes

A number of research firms have recently weighed in on SPIR. 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 Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.70.

Spire Global Price Performance

The stock has a market cap of $575.35 million, a P/E ratio of 9.51 and a beta of 2.51. The business’s 50 day simple moving average is $18.55 and its 200 day simple moving average is $14.45.

Spire Global (NYSE:SPIR) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share 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 company had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Research analysts predict that Spire Global, Inc. will post -1.35 earnings per share for the current year.

Insiders Place Their Bets

In other Spire Global news, Chairman Peter Platzer sold 7,184 shares of Spire Global stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the transaction, the chairman directly owned 1,478,568 shares of the company’s stock, valued at approximately $28,211,077.44. This trade represents a 0.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the sale, the chief technology officer owned 218,096 shares in the company, valued at $4,159,090.72. This represents a 1.40% decrease in their position. 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. Insiders have sold 55,297 shares of company stock worth $1,052,433 over the last quarter. Corporate insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Several institutional investors have recently added to or reduced their stakes in SPIR. Osaic Holdings Inc. acquired a new position in Spire Global in the second quarter valued at about $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the third quarter worth approximately $25,000. BNP Paribas Financial Markets raised its stake in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Leonteq Securities AG bought a new position in shares of Spire Global in the fourth quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after acquiring an additional 1,699 shares in the last quarter. 19.97% of the stock is 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.