Spire Global (NYSE:SPIR) Sets New 52-Week High – Still a Buy?

Spire Global, Inc. (NYSE:SPIR) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $23.59 and last traded at $23.0390, with a volume of 4351998 shares trading hands. The stock had previously closed at $21.56.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Weiss Ratings upgraded Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Canaccord Genuity Group set a $22.00 price target on Spire Global and gave the company a “buy” rating in a research note on Friday. iA Financial set a $9.00 price target on Spire Global in a research note on Tuesday, December 23rd. HC Wainwright reaffirmed 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, Stifel Nicolaus boosted their price target on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, March 19th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Spire Global currently has an average rating of “Moderate Buy” and a consensus price target of $14.67.

Spire Global Price Performance

The company has a market cap of $771.81 million, a price-to-earnings ratio of 14.58 and a beta of 2.23. The business has a 50 day simple moving average of $11.74 and a 200 day simple moving average of $10.67.

Insiders Place Their Bets

In other Spire Global news, COO Perez Celia Pelez sold 19,134 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $163,213.02. Following the transaction, the chief operating officer owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 138,035 shares of company stock worth $1,201,154 in the last three months. Company insiders own 14.68% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. boosted 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 in the last quarter. NewEdge Advisors LLC acquired a new position in Spire Global in the fourth quarter worth $89,000. AQR Capital Management LLC bought a new stake in shares of Spire Global during the fourth quarter worth $84,000. Russell Investments Group Ltd. bought a new stake in shares of Spire Global during the third quarter worth $25,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Spire Global during the second quarter worth $25,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.