Spire Global (NYSE:SPIR) Shares Gap Down Following Weak Earnings

Spire Global, Inc. (NYSE:SPIR) gapped down prior to trading on Thursday following a weaker than expected earnings announcement. The stock had previously closed at $14.74, but opened at $13.17. Spire Global shares last traded at $14.2250, with a volume of 132,397 shares trading hands.

The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The company had revenue of $18.05 million during the quarter, compared to analysts’ expectations of $18.53 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SPIR. Benchmark reissued a “buy” rating on shares of Spire Global in a research report on Monday, August 3rd. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, July 29th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a research note on Thursday, May 14th. Wall Street Zen cut Spire Global from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 18th. Finally, Stifel Nicolaus set a $24.00 price target on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $16.70.

Insider Buying and Selling at Spire Global

In related news, Chairman Peter Platzer sold 7,184 shares of Spire Global stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the sale, the chairman owned 1,478,568 shares of the company’s stock, valued at approximately $28,211,077.44. The trade was a 0.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Johann Gabriel Oehme sold 3,107 shares of the company’s stock in a transaction on 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 sale, the chief technology officer owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 52,297 shares of company stock worth $997,503 in the last ninety days. Company insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Several large investors have recently made changes to their positions in SPIR. Lane Generational LLC increased its holdings in shares of Spire Global by 40.4% during the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after acquiring an additional 214,532 shares during the last quarter. State Street Corp lifted 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 worth $3,961,000 after purchasing an additional 7,253 shares during the last quarter. Stifel Financial Corp lifted 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 worth $3,934,000 after purchasing an additional 129,990 shares during the last quarter. AWM Investment Company Inc. lifted 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 worth $3,137,000 after purchasing an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in Spire Global by 58.0% during the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after purchasing an additional 98,925 shares during the period. Institutional investors own 19.97% of the company’s stock.

Spire Global Stock Down 3.4%

The business has a 50-day simple moving average of $15.25 and a 200-day simple moving average of $14.88. The stock has a market cap of $551.19 million, a P/E ratio of 9.07 and a beta of 2.55.

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.