Johann Gabriel Oehme Sells 3,107 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIRGet Free Report) CTO Johann Gabriel Oehme sold 3,107 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the transaction, the chief technology officer owned 218,096 shares in the company, valued at approximately $4,159,090.72. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Trading Up 10.3%

NYSE SPIR opened at $21.20 on Friday. The company’s 50-day moving average price is $16.51 and its 200-day moving average price is $11.89. The stock has a market cap of $820.50 million, a PE ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $23.59.

Spire Global (NYSE:SPIRGet Free Report) last issued its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The company had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $15.08 million. As a group, sell-side analysts forecast that Spire Global, Inc. will post -1.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SPIR. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.30.

Check Out Our Latest Research Report on SPIR

Hedge Funds Weigh In On Spire Global

Several hedge funds and other institutional investors have recently modified their holdings of 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. Atlantic Private Wealth LLC raised its position in shares of Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 last quarter. Finally, Leonteq Securities AG purchased a new position in shares of Spire Global in the 4th quarter valued at approximately $44,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for Spire Global (NYSE:SPIR)

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