Spire Global Sees Unusually Large Options Volume (NYSE:SPIR)

Spire Global, Inc. (NYSE:SPIR) saw some unusual options trading activity on Thursday. Stock investors purchased 3,033 call options on the company. This is an increase of 284% compared to the average volume of 790 call options.

Spire Global Trading Down 12.0%

NYSE SPIR traded down $2.46 during trading on Thursday, reaching $18.04. The company’s stock had a trading volume of 4,888,458 shares, compared to its average volume of 861,067. The firm has a market capitalization of $604.44 million, a price-to-earnings ratio of 11.41 and a beta of 2.23. Spire Global has a 12 month low of $6.60 and a 12 month high of $20.50. The firm has a 50 day moving average price of $11.20 and a 200 day moving average price of $10.49.

Insider Activity

In other news, CEO Theresa Condor sold 41,712 shares of the company’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $8.53, for a total value of $355,803.36. Following the sale, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at approximately $9,524,435.93. This represents a 3.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Peter Platzer sold 58,428 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $498,390.84. Following the sale, the chairman owned 1,693,603 shares of the company’s stock, valued at approximately $14,446,433.59. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 122,276 shares of company stock valued at $1,056,013. 14.68% of the stock is owned by company insiders.

Institutional Trading of Spire Global

A number of institutional investors have recently bought and sold shares of the business. Lane Generational LLC boosted its holdings in Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after purchasing an additional 214,532 shares during the period. State Street Corp boosted its holdings in Spire Global by 1.4% in the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock valued at $3,961,000 after purchasing an additional 7,253 shares during the period. Stifel Financial Corp boosted its holdings in Spire Global by 32.9% in the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after purchasing an additional 129,990 shares during the period. AWM Investment Company Inc. boosted its holdings in Spire Global by 25.7% in the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock valued at $3,137,000 after purchasing an additional 85,492 shares during the period. Finally, Marshall Wace LLP boosted its holdings in Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,925 shares during the period. Institutional investors own 19.97% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on SPIR shares. Canaccord Genuity Group lifted their target price on shares of Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. iA Financial set a $9.00 target price on shares of Spire Global in a report on Tuesday, December 23rd. Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a report on Sunday, December 21st. Finally, Alliance Global Partners downgraded shares of Spire Global from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $9.00 in a report on Tuesday, December 23rd. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Spire Global presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.33.

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.