Key Points
- Insider sale: Chairman Peter Platzer sold 17,954 Spire Global shares at an average price of $11.02, generating approximately $197,853. He retains 1,455,514 shares, representing a 1.22% reduction in his ownership.
- Weak financial results: Spire Global reported a quarterly loss of $0.31 per share, missing estimates by $0.05, while revenue of $18.05 million also fell short of consensus. The company continues to post significant negative margins and return on equity.
- Mixed but generally positive outlook: Analysts have assigned the stock a consensus “Moderate Buy” rating with a $16.70 average price target, while institutional ownership stands at 19.97% and several funds recently initiated or increased positions.
Spire Global, Inc. (NYSE:SPIR - Get Free Report) Chairman Peter Platzer sold 17,954 shares of the company's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $11.02, for a total transaction of $197,853.08. Following the transaction, the chairman owned 1,455,514 shares of the company's stock, valued at approximately $16,039,764.28. This represents a 1.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Peter Platzer also recently made the following trade(s):
- On Thursday, August 20th, Peter Platzer sold 5,100 shares of Spire Global stock. The shares were sold at an average price of $14.09, for a total transaction of $71,859.00.
Spire Global Price Performance
Shares of Spire Global stock opened at $10.89 on Tuesday. The company's 50 day moving average price is $12.51 and its two-hundred day moving average price is $15.45. The firm has a market capitalization of $426.10 million, a P/E ratio of -4.08 and a beta of 2.81. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $25.93.
Spire Global (NYSE:SPIR - Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share for the quarter, missing analysts' consensus estimates of ($0.26) by ($0.05). The business had revenue of $18.05 million for the quarter, compared to the consensus estimate of $18.53 million. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.Spire Global has set its FY 2026 guidance at -0.950--0.810 EPS. On average, analysts expect that Spire Global, Inc. will post -1.5 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on SPIR shares. Weiss Ratings lowered Spire Global from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 27th. Wall Street Zen raised Spire Global from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 15th. Finally, Benchmark restated a "buy" rating on shares of Spire Global in a report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $16.70.
Get Our Latest Stock Analysis on SPIR
Institutional Investors Weigh In On Spire Global
Several hedge funds and other institutional investors have recently made changes to their positions in SPIR. AWM Investment Company Inc. purchased a new stake in Spire Global in the 2nd quarter valued at about $7,692,000. Bank of New York Mellon Corp purchased a new position in shares of Spire Global in the 2nd quarter worth approximately $1,737,000. Bank of America Corp DE boosted its stake in shares of Spire Global by 27.1% in the 1st quarter. Bank of America Corp DE now owns 76,101 shares of the company's stock worth $957,000 after buying an additional 16,227 shares during the last quarter. Granite Investment Partners LLC bought a new position in shares of Spire Global in the first quarter valued at approximately $129,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Spire Global in the second quarter valued at approximately $184,000. 19.97% of the stock is owned by institutional investors.
About Spire Global
(
Get Free Report)
Spire Global, Inc is a space-based data and analytics company that operates a constellation of small satellites in low Earth orbit. The company collects data from space and combines it with artificial intelligence, machine learning and other analytics tools to provide information for weather forecasting, maritime transportation, aviation, climate monitoring and national security applications.
Spire's products and services include weather and atmospheric data derived from radio occultation, maritime vessel tracking using automatic identification system signals, aircraft tracking and aviation intelligence, and customized space-based data solutions.
Further Reading
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