Theresa Condor Sells 22,502 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 22,502 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $14.09, for a total value of $317,053.18. Following the sale, the chief executive officer directly owned 948,686 shares of the company’s stock, valued at $13,366,985.74. The trade was a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Trading Down 1.1%

Shares of SPIR opened at $13.72 on Wednesday. The company’s 50-day moving average price is $14.53 and its 200 day moving average price is $15.00. Spire Global, Inc. has a 12-month low of $6.60 and a 12-month high of $25.93. The firm has a market cap of $536.57 million, a P/E ratio of -5.14 and a beta of 2.55.

Spire Global (NYSE:SPIR) last announced its earnings results on Wednesday, August 12th. The company reported ($0.31) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.05). The company had revenue of $18.05 million for the quarter, compared to analysts’ expectations 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. Equities research analysts forecast that Spire Global, Inc. will post -1.5 earnings per share for the current year.

More Spire Global News

Here are the key news stories impacting Spire Global this week:

• Positive Sentiment: Spire Global secured a roughly €4 million, one-year contract renewal and expansion from EUMETSAT, Europe’s meteorological satellite agency. The agreement expands Spire’s delivery of satellite-based radio occultation weather data and builds on a previously announced approximately €3 million contract, improving revenue visibility and validating demand for the company’s weather-intelligence products. EUMETSAT contract announcement
• Neutral Sentiment: Several senior executives—including the CEO, CFO, COO, CTO and chairman—sold shares on August 20 at approximately $14.09 each to cover tax-withholding obligations tied to vested equity awards. Collectively, they sold 39,361 shares worth about $554,600, but continued to hold substantial stakes in SPIR. SEC insider transaction filing
• Negative Sentiment: Director Stephen Messer separately sold 17,986 Class A shares for approximately $252,883, reducing his position by 17.69% to 83,667 shares. Because the filing does not identify the transaction as tax-related, the larger proportional reduction could create additional near-term selling pressure or raise questions about insider conviction. Stephen Messer insider sale
• Negative Sentiment: The contract news is being offset by Spire Global’s ongoing financial risk. The company recently missed quarterly EPS and revenue expectations, remains unprofitable, and has negative margins. Analysts expect a full-year loss, making execution on new contracts important for supporting the stock’s valuation.

Hedge Funds Weigh In On Spire Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SPIR. DNB Asset Management AS purchased a new stake in Spire Global during the 4th quarter worth about $933,000. AWM Investment Company Inc. purchased a new position in shares of Spire Global in the 2nd quarter valued at about $7,692,000. Auxano Advisors LLC grew its position in shares of Spire Global by 12.1% during the fourth quarter. Auxano Advisors LLC now owns 29,150 shares of the company’s stock worth $219,000 after buying an additional 3,150 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Spire Global during the second quarter worth about $1,737,000. Finally, Bank of America Corp DE increased its stake in shares of Spire Global by 27.1% during the first 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 period. Hedge funds and other institutional investors own 19.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SPIR. Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings lowered Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $24.00 price objective on Spire Global and gave the company a “buy” rating in a research note on Thursday, June 4th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, August 15th. Finally, Benchmark reissued a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.70.

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.