Spire Global (NYSE:SPIR) Trading 4.4% Higher – What’s Next?

Spire Global, Inc. (NYSE:SPIR) was up 4.4% during mid-day trading on Friday . The stock traded as high as $19.25 and last traded at $19.0250. Approximately 273,125 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 1,239,888 shares. The stock had previously closed at $18.22.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SPIR shares. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday. HC Wainwright reiterated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, March 20th. Finally, Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $16.30.

Spire Global Price Performance

The company’s 50 day moving average price is $15.34 and its two-hundred day moving average price is $11.52. The stock has a market capitalization of $631.40 million, a PE ratio of 12.05 and a beta of 2.42.

Spire Global (NYSE:SPIR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, topping the consensus estimate of ($0.38) by $0.01. The firm had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 31.43%. Analysts forecast that Spire Global, Inc. will post -1.39 earnings per share for the current year.

Insider Buying and Selling at Spire Global

In other news, CEO Theresa Condor sold 41,712 shares of the firm’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 transaction, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Perez Celia Pelez sold 19,134 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 $163,213.02. Following the completion of the transaction, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. This represents a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 138,033 shares of company stock valued at $1,219,760. Corporate insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

Hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. purchased a new position in Spire Global during the second quarter worth about $25,000. Russell Investments Group Ltd. purchased a new position in Spire Global during the third quarter worth about $25,000. Atlantic Private Wealth LLC raised its stake in Spire Global by 50.0% during the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after purchasing an additional 1,000 shares during the period. BNP Paribas Financial Markets raised its stake in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after purchasing an additional 1,260 shares during the period. Finally, Leonteq Securities AG purchased a new position in Spire Global during the fourth quarter worth about $44,000. 19.97% of the stock is owned by hedge funds and other 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.