Spire Global, Inc. (NYSE:SPIR – Get Free Report)’s share price was up 8.7% during trading on Thursday . The stock traded as high as $20.20 and last traded at $20.6970. Approximately 208,296 shares were traded during trading, a decline of 84% from the average daily volume of 1,299,572 shares. The stock had previously closed at $19.04.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on SPIR shares. Canaccord Genuity Group set a $22.50 price objective on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Stifel Nicolaus set a $24.00 price target on Spire Global and gave the stock a “buy” rating in a research report on Thursday. 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, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.70.
View Our Latest Analysis on SPIR
Spire Global Stock Performance
Spire Global (NYSE:SPIR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The firm had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Equities analysts anticipate that Spire Global, Inc. will post -1.35 earnings per share for the current fiscal year.
Insider Transactions at Spire Global
In other news, CFO Alison K. Engel sold 12,702 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $242,354.16. Following the sale, the chief financial officer directly owned 265,838 shares in the company, valued at approximately $5,072,189.04. This trade represents a 4.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 Spire Global stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $469,961.08. Following the completion of the sale, the chief executive officer owned 963,670 shares in the company, valued at approximately $18,377,186.90. This represents a 2.49% 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. In the last quarter, insiders sold 58,299 shares of company stock worth $1,091,038. Corporate insiders own 13.04% of the company’s stock.
Institutional Investors Weigh In On Spire Global
A number of large investors have recently made changes to their positions in SPIR. Osaic Holdings Inc. purchased a new position in shares of Spire Global in the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. purchased a new position in shares of Spire Global in the 3rd quarter valued at approximately $25,000. BNP Paribas Financial Markets lifted its stake in shares of Spire Global by 84.6% in 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 period. Leonteq Securities AG purchased a new position in shares of Spire Global in the 4th quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC lifted its stake 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 valued at $49,000 after purchasing an additional 1,699 shares during the period. 19.97% of the stock is currently owned by 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.
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