Spire Global (NYSE:SPIR) COO Sells $88,866.20 in Stock

Spire Global, Inc. (NYSE:SPIR) COO Perez Celia Pelez sold 4,660 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $88,866.20. Following the transaction, the chief operating officer owned 263,116 shares of the company’s stock, valued at approximately $5,017,622.12. The trade was a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 10.3%

Shares of NYSE:SPIR traded up $1.99 during mid-day trading on Friday, reaching $21.20. 1,508,621 shares of the stock were exchanged, compared to its average volume of 1,457,131. The company has a market cap of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a one year low of $6.60 and a one year high of $23.59. The stock’s 50 day simple moving average is $16.31 and its 200-day simple moving average is $11.82.

Spire Global (NYSE:SPIR) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share 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 the consensus estimate of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Analysts anticipate that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SPIR shares. Alliance Global Partners restated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research note on Saturday, April 25th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Stifel Nicolaus set a $22.00 price objective on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

Institutional Trading of Spire Global

A number of hedge funds have recently made changes to their positions in SPIR. Lane Generational LLC lifted 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 during the last quarter. Stifel Financial Corp lifted its position in shares of Spire Global by 32.9% in the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after buying an additional 129,990 shares during the last quarter. DNB Asset Management AS acquired a new stake in shares of Spire Global in the fourth quarter valued at approximately $933,000. Raymond James Financial Inc. lifted its position in shares of Spire Global by 210.0% in the second quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock valued at $2,046,000 after buying an additional 116,488 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC acquired a new stake in Spire Global during the 2nd quarter worth approximately $1,375,000. 19.97% of the stock is owned by institutional investors and hedge funds.

Spire Global Company Profile

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.