Spire Global (NYSE:SPIR) Trading Down 10% – Here’s Why

Posted by George Bondi on Jun 3rd, 2026

Shares of Spire Global, Inc. (NYSE:SPIR – Get Free Report) fell 10% during mid-day trading on Wednesday . The company traded as low as $19.13 and last traded at $19.21. 657,387 shares changed hands during trading, a decline of 50% from the average session volume of 1,304,518 shares. The stock had previously closed at $21.35.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SPIR. Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $22.00 price objective on Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $16.30.

Check Out Our Latest Stock Analysis on Spire Global

Spire Global Trading Down 12.1%

The stock has a market capitalization of $726.59 million, a PE ratio of 11.96 and a beta of 2.48. The firm has a 50 day moving average of $17.95 and a two-hundred day moving average of $12.49.

Spire Global (NYSE:SPIR – Get Free Report) 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. The firm had revenue of $13.92 million during the quarter, compared to the consensus estimate of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Equities research analysts forecast that Spire Global, Inc. will post -1.13 EPS for the current year.

Insider Activity

In other Spire Global news, CTO Johann Gabriel Oehme sold 3,107 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the sale, the chief technology officer owned 218,096 shares in the company, valued at approximately $4,159,090.72. This represents a 1.40% decrease in their position. The sale was disclosed in a 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, CEO Theresa Condor sold 24,644 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $469,961.08. Following the sale, the chief executive officer owned 963,670 shares in the company, valued at approximately $18,377,186.90. This trade represents a 2.49% 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 58,299 shares of company stock worth $1,091,038 in the last quarter. 13.04% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Spire Global

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. acquired a new stake in Spire Global during the 2nd quarter valued at $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the third quarter worth $25,000. BNP Paribas Financial Markets boosted its holdings in shares of Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Spire Global by 71.2% during the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after purchasing an additional 1,699 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Spire Global during the fourth quarter worth $44,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

Spire Global Company Profile

(Get Free Report)

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.