Spire Global (NYSE:SPIR) Reaches New 52-Week High – What’s Next?

Spire Global, Inc. (NYSE:SPIR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.29 and last traded at $16.9910, with a volume of 660423 shares traded. The stock had previously closed at $15.57.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Canaccord Genuity Group raised their price objective on shares of Spire Global from $10.50 to $14.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Weiss Ratings raised shares of Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, March 20th. iA Financial set a $9.00 price objective on shares of Spire Global in a research note on Tuesday, December 23rd. Alliance Global Partners downgraded shares of Spire Global from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $17.00 to $9.00 in a research note on Tuesday, December 23rd. Finally, Wall Street Zen downgraded shares of Spire Global from a “hold” rating to a “strong sell” rating in a research note on Sunday, December 21st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $13.33.

Spire Global Price Performance

The firm has a market capitalization of $680.87 million, a PE ratio of 12.87 and a beta of 2.23. The stock’s 50-day moving average price is $11.04 and its 200 day moving average price is $10.42.

Insider Transactions at Spire Global

In other news, COO Perez Celia Pelez sold 19,134 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $8.53, for a total transaction of $163,213.02. Following the transaction, the chief operating officer directly owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. This trade represents a 6.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Peter Platzer sold 58,428 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total transaction of $498,390.84. Following the transaction, the chairman directly owned 1,693,603 shares in the company, valued at approximately $14,446,433.59. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 122,276 shares of company stock valued at $1,056,013. 14.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Spire Global

Institutional investors have recently bought and sold shares of the company. Osaic Holdings Inc. acquired a new stake in Spire Global in the second quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global during the third quarter worth $25,000. Atlantic Private Wealth LLC lifted its stake in shares of Spire Global by 50.0% during 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 during the period. BNP Paribas Financial Markets lifted its stake in shares of Spire Global by 84.6% during 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 during the period. Finally, Leonteq Securities AG acquired a new stake in shares of Spire Global during the fourth quarter worth $44,000. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.