Key Points
- Spire CEO Theresa Condor sold 1,200 shares on April 20 at an average price of $18.31 for a total of $21,972 to cover tax withholding from vesting, leaving her with 988,314 shares (a 0.12% ownership decrease).
- Condor made additional recent insider sales, including 1,201 shares on March 20 and a larger sale of 41,712 shares on February 20 (the latter at $8.53 each for about $355,803), indicating multiple disposals this year.
- SPIR opened at $18.26 with a market cap of roughly $612.3M and a 52‑week range of $6.60–$23.59; analysts hold a consensus "Moderate Buy" rating with a $14.67 price target.
Spire Global, Inc. (NYSE:SPIR - Get Free Report) CEO Theresa Condor sold 1,200 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $18.31, for a total transaction of $21,972.00. Following the sale, the chief executive officer directly owned 988,314 shares in the company, valued at approximately $18,096,029.34. This trade represents a 0.12% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.
Theresa Condor also recently made the following trade(s):
- On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total transaction of $15,444.86.
- On Friday, February 20th, Theresa Condor sold 41,712 shares of Spire Global stock. The shares were sold at an average price of $8.53, for a total transaction of $355,803.36.
Spire Global Stock Down 2.6%
NYSE SPIR opened at $18.26 on Thursday. The company has a market cap of $612.29 million, a PE ratio of 11.56 and a beta of 2.23. Spire Global, Inc. has a 52 week low of $6.60 and a 52 week high of $23.59. The firm's 50-day simple moving average is $13.04 and its two-hundred day simple moving average is $11.06.
Institutional Investors Weigh In On Spire Global
A number of institutional investors and hedge funds have recently modified their holdings of SPIR. Osaic Holdings Inc. purchased a new stake in shares of Spire Global in the second quarter worth about $25,000. Russell Investments Group Ltd. purchased a new stake in shares of Spire Global in the third quarter worth about $25,000. Atlantic Private Wealth LLC lifted its holdings in shares of Spire Global by 50.0% in the third quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company's stock worth $33,000 after buying an additional 1,000 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Spire Global by 84.6% in the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company's stock worth $33,000 after buying an additional 1,260 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in shares of Spire Global in the fourth quarter worth about $44,000. 19.97% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have commented on SPIR. HC Wainwright reaffirmed a "buy" rating and set a $19.00 price objective (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Canaccord Genuity Group set a $22.00 price objective on shares of Spire Global and gave the company a "buy" rating in a report on Friday, April 10th. Weiss Ratings raised shares of Spire Global from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, March 20th. Finally, Stifel Nicolaus upped their price objective on shares of Spire Global from $14.00 to $16.00 and gave the company a "buy" rating in a report on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.67.
View Our Latest Report on SPIR
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.
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