Spire Global (NYSE:SPIR) Trading Up 5.5% – Here’s What Happened

Spire Global, Inc. (NYSE:SPIR) traded up 5.5% during trading on Tuesday . The company traded as high as $18.06 and last traded at $18.2280. 118,724 shares changed hands during trading, a decline of 91% from the average session volume of 1,349,341 shares. The stock had previously closed at $17.27.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SPIR shares. Stifel Nicolaus set a $24.00 target price on Spire Global and gave the company a “buy” rating in a report on Thursday, June 4th. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Weiss Ratings lowered shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Finally, Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.70.

Spire Global Price Performance

The stock has a market cap of $684.04 million, a price-to-earnings ratio of 11.23 and a beta of 2.48. The business has a fifty day moving average of $19.11 and a 200 day moving average of $13.59.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) 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 analysts’ expectations of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. On average, analysts expect that Spire Global, Inc. will post -1.35 EPS for the current year.

Insider Buying and Selling at Spire Global

In other Spire Global news, CTO Johann Gabriel Oehme sold 3,107 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $59,250.49. Following the transaction, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at $4,159,090.72. This represents a 1.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Peter Platzer sold 7,184 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the transaction, the chairman owned 1,478,568 shares in the company, valued at approximately $28,211,077.44. This trade represents a 0.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 55,297 shares of company stock worth $1,052,433 in the last ninety days. Company insiders own 13.04% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SPIR. Osaic Holdings Inc. bought a new position in shares of Spire Global in the 2nd quarter valued at approximately $25,000. Russell Investments Group Ltd. acquired a new position in Spire Global during the third quarter valued at approximately $25,000. BNP Paribas Financial Markets grew its holdings in Spire Global by 84.6% during the second quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after purchasing an additional 1,260 shares during the last quarter. Leonteq Securities AG acquired a new position in Spire Global during the fourth quarter valued at approximately $44,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Spire Global by 71.2% in the second quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock valued at $49,000 after purchasing an additional 1,699 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.