Spire Global (SPIR) Projected to Post Quarterly Earnings on Wednesday

Spire Global (NYSE:SPIR) is projected to release its Q1 2025 earnings data before the market opens on Wednesday, May 14th. Analysts expect Spire Global to post earnings of ($0.68) per share and revenue of $20.34 million for the quarter.

Spire Global Price Performance

SPIR opened at $9.78 on Monday. Spire Global has a fifty-two week low of $6.26 and a fifty-two week high of $21.43. The firm’s fifty day moving average price is $9.13 and its two-hundred day moving average price is $12.41. The company has a market capitalization of $302.86 million, a P/E ratio of -2.81 and a beta of 2.39.

Analyst Upgrades and Downgrades

SPIR has been the subject of a number of analyst reports. Stifel Nicolaus cut their price objective on Spire Global from $20.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Robert W. Baird cut their price objective on Spire Global from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Tuesday, April 1st. Finally, Canaccord Genuity Group lifted their price objective on Spire Global from $15.50 to $16.00 and gave the company a “buy” rating in a report on Tuesday, April 29th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.80.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 27,293 shares of Spire Global stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $9.28, for a total value of $253,279.04. Following the completion of the transaction, the chairman now directly owns 1,588,609 shares of the company’s stock, valued at $14,742,291.52. The trade was a 1.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theresa Condor sold 17,979 shares of Spire Global stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $11.27, for a total value of $202,623.33. Following the completion of the transaction, the chief executive officer now directly owns 359,173 shares of the company’s stock, valued at $4,047,879.71. This represents a 4.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 295,314 shares of company stock valued at $3,069,869 over the last ninety days. 17.11% of the stock is owned by insiders.

About Spire Global

Spire Global, Inc provides subscription-based data, insights, predictive analytics, and related project-based services worldwide. The company offers satellite-based aircraft tracking data to power applications, drive decision making, and improve cost efficiencies; data, insights, and predictive analytics for highly accurate ship monitoring, real-time and near real-time vessel updates, port operations, ship safety and route optimization; and space-based data, AI-powered insights, and predictive weather analytics for accurate weather forecasting.