Insider Selling: Spire Global (NYSE:SPIR) CFO Sells 12,702 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) CFO Alison Engel sold 12,702 shares of Spire Global stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $242,354.16. Following the completion of the transaction, the chief financial officer directly owned 265,838 shares in the company, valued at $5,072,189.04. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 10.3%

Shares of NYSE SPIR traded up $1.99 during midday trading on Friday, hitting $21.20. The stock had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. The company has a market capitalization of $820.46 million, a price-to-earnings ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $23.59. The company has a fifty day moving average price of $16.31 and a 200 day moving average price of $11.82.

Spire Global (NYSE:SPIR) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.37) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.01. The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. On average, research analysts forecast that Spire Global, Inc. will post -1.39 EPS for the current year.

Hedge Funds Weigh In On Spire Global

Institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. acquired a new position in shares of Spire Global in the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired 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 in 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 in the last quarter. Finally, Leonteq Securities AG acquired 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 institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SPIR. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. HC Wainwright reissued a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Finally, Wall Street Zen raised Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Three 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 presently has an average rating of “Moderate Buy” and a consensus price target of $16.30.

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.