Key Points
- Spire Global CEO Theresa Condor sold 24,644 shares on May 20 at an average price of $19.07, totaling about $469,961. The sale reduced her ownership by 2.49% and was tied to tax withholding from vested equity awards.
- SPIR shares have risen sharply, opening at $21.20, with a market cap of $820.46 million and a 52-week range of $6.60 to $23.59. The stock is trading well above its 50-day and 200-day moving averages.
- Analysts remain broadly constructive on Spire Global despite mixed results, with the company beating EPS estimates but missing revenue expectations in its latest quarter. The consensus rating is “Moderate Buy,” with a consensus price target of $16.30.
Spire Global, Inc. (NYSE:SPIR - Get Free Report) CTO Johann Gabriel Oehme sold 3,107 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $59,250.49. Following the transaction, the chief technology officer directly owned 218,096 shares of the company's stock, valued at $4,159,090.72. The trade was a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Spire Global Stock Up 10.3%
Spire Global stock opened at $21.20 on Friday. The firm has a 50-day moving average price of $16.51 and a two-hundred day moving average price of $11.89. The firm 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 52-week low of $6.60 and a 52-week high of $23.59.
Spire Global (NYSE:SPIR - Get Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.38) by $0.01. The firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Research analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Spire Global by 27.1% during the first quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock valued at $957,000 after buying an additional 16,227 shares in the last quarter. Parvin Asset Management LLC raised its position in Spire Global by 11.4% in the first quarter. Parvin Asset Management LLC now owns 11,725 shares of the company's stock worth $148,000 after acquiring an additional 1,200 shares in the last quarter. Royal Bank of Canada raised its position in Spire Global by 9.9% in the first quarter. Royal Bank of Canada now owns 78,641 shares of the company's stock worth $989,000 after acquiring an additional 7,113 shares in the last quarter. Granite Investment Partners LLC bought a new stake in Spire Global in the first quarter worth about $129,000. Finally, ARS Investment Partners LLC raised its position in Spire Global by 2.6% in the first quarter. ARS Investment Partners LLC now owns 31,497 shares of the company's stock worth $396,000 after acquiring an additional 785 shares in the last quarter. Institutional investors own 19.97% of the company's stock.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Alliance Global Partners reissued a "neutral" rating on shares of Spire Global in a research note on Thursday, May 14th. Wall Street Zen raised shares of Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, April 25th. Weiss Ratings lowered shares of Spire Global from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, May 15th. Canaccord Genuity Group set a $22.50 price target on shares of Spire Global and gave the stock a "buy" rating in a research note on Thursday, May 14th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Spire Global presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.30.
Get Our Latest Analysis on Spire Global
About Spire Global
(
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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