Spire Global, Inc. (NYSE:SPIR - Get Free Report) CTO Johann Gabriel Oehme sold 2,989 shares of the firm's stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total transaction of $42,115.01. Following the completion of the sale, the chief technology officer owned 215,107 shares of the company's stock, valued at approximately $3,030,857.63. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Spire Global Trading Up 0.2%
NYSE SPIR opened at $13.97 on Tuesday. The stock has a market capitalization of $546.35 million, a price-to-earnings ratio of -5.23 and a beta of 2.55. The business's 50 day moving average is $14.60 and its two-hundred day moving average is $14.98. Spire Global, Inc. has a 12-month low of $6.60 and a 12-month high of $25.93.
Spire Global (NYSE:SPIR - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.05). Spire Global had a negative net margin of 145.22% and a negative return on equity of 54.03%. The business had revenue of $18.05 million during the quarter, compared to analyst estimates of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. Equities analysts forecast that Spire Global, Inc. will post -1.21 earnings per share for the current fiscal year.
More Spire Global News
Here are the key news stories impacting Spire Global this week:
- Positive Sentiment: Despite the sales, senior insiders continue to hold substantial positions. CEO Theresa Condor retained 948,686 shares, while Chairman Peter Platzer retained 1.47 million shares following the transactions.
- Neutral Sentiment: On August 20, Chairman Peter Platzer, COO Perez Celia Pelez, CTO Johann Gabriel Oehme, CEO Theresa Condor and CFO Alison K. Engel collectively sold 39,361 shares for approximately $554,600 at an average price of $14.09 per share. All five sales were attributed to tax withholding related to equity-award vesting. SEC insider transaction filings
- Negative Sentiment: The concentration of sales among Spire Global’s CEO, CFO, COO, CTO and chairman could nevertheless create near-term overhang for SPIR, particularly because investors may interpret broad insider selling as reduced conviction. The largest transaction was the CEO’s sale of 22,502 shares, reducing her direct holdings by 2.32%.
Institutional Trading of Spire Global
Several large investors have recently bought and sold shares of SPIR. Lane Generational LLC increased its position in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company's stock valued at $5,589,000 after buying an additional 214,532 shares in the last quarter. State Street Corp raised its stake in shares of Spire Global by 1.4% during the 4th quarter. State Street Corp now owns 528,164 shares of the company's stock worth $3,961,000 after buying an additional 7,253 shares during the last quarter. Stifel Financial Corp boosted its position in shares of 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 buying an additional 129,990 shares in the last quarter. AWM Investment Company Inc. boosted its position in shares of 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 buying an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company's stock valued at $3,206,000 after acquiring an additional 98,925 shares during the last quarter. Institutional investors and hedge funds own 19.97% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have recently weighed in on the stock. Weiss Ratings cut shares of Spire Global from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Thursday, August 13th. Benchmark reiterated a "buy" rating on shares of Spire Global in a research note on Monday, August 3rd. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the stock a "buy" rating in a report on Thursday, May 14th. Stifel Nicolaus set a $24.00 target price on shares of Spire Global and gave the stock a "buy" rating in a research report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Spire Global from a "strong sell" rating to a "sell" rating in a report on Saturday, August 15th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.70.
Read Our Latest Stock Report on Spire Global
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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