Spire Global (NYSE:SPIR) Chairman Sells 17,954 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 17,954 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $11.02, for a total transaction of $197,853.08. Following the completion of the transaction, the chairman directly 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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 Trading Down 2.0%

Shares of SPIR traded down $0.22 during mid-day trading on Monday, hitting $10.89. 640,969 shares of the company traded hands, compared to its average volume of 638,407. The stock has a market capitalization of $426.10 million, a price-to-earnings ratio of -4.08 and a beta of 2.81. The business has a 50-day moving average of $12.51 and a 200 day moving average of $15.45. Spire Global, Inc. has a one year low of $6.60 and a one year high of $25.93.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data 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). Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.The company had revenue of $18.05 million during the quarter, compared to the consensus estimate of $18.53 million. Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. As a group, analysts anticipate that Spire Global, Inc. will post -1.5 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SPIR. Weiss Ratings lowered Spire Global from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday, August 27th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 15th. Finally, Benchmark reissued 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Spire Global has a consensus rating of “Moderate Buy” and a consensus price target of $16.70.

Institutional Trading of Spire Global

A number of institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. bought a new position in shares of Spire Global in the 2nd quarter worth $7,692,000. Bank of New York Mellon Corp acquired a new position in Spire Global in the second quarter valued at about $1,737,000. Royal Bank of Canada boosted its holdings in Spire Global by 9.9% during the first quarter. Royal Bank of Canada now owns 78,641 shares of the company’s stock worth $989,000 after buying an additional 7,113 shares during the last quarter. Bank of America Corp DE grew its position in shares of Spire Global by 27.1% during 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 period. Finally, ARS Investment Partners LLC grew its position in shares of Spire Global by 2.6% during the 1st quarter. ARS Investment Partners LLC now owns 31,497 shares of the company’s stock worth $396,000 after buying an additional 785 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

About Spire Global

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.