Spire Global (NYSE:SPIR – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “sell” rating in a report released on Saturday.
A number of other research analysts have also recently commented on SPIR. Stifel Nicolaus set a $24.00 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, June 4th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Benchmark reissued a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Weiss Ratings downgraded shares of Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday. Finally, Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and an average price target of $16.70.
View Our Latest Stock Analysis on SPIR
Spire Global Stock Up 0.2%
Spire Global (NYSE:SPIR – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.The business had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. Equities analysts anticipate that Spire Global will post -1.35 EPS for the current fiscal year.
Insider Buying and Selling at Spire Global
In other 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 transaction, the chief technology officer owned 218,096 shares of the company’s stock, valued at approximately $4,159,090.72. This represents a 1.40% decrease in their position. The transaction 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 firm’s 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 transaction, 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 position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 52,297 shares of company stock worth $997,503. Insiders own 13.04% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPIR. Osaic Holdings Inc. bought a new stake in shares of Spire Global in the 2nd quarter valued at about $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global in the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets boosted its stake 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 valued at $33,000 after purchasing an additional 1,260 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake 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 valued at $49,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in shares of Spire Global during the fourth quarter valued at approximately $44,000. 19.97% of the stock is currently 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.
Featured Articles
- Five stocks we like better than Spire Global
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Spire Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spire Global and related companies with MarketBeat.com's FREE daily email newsletter.
