Spire Global (NYSE:SPIR) Sets New 52-Week High – Time to Buy?

Shares of Spire Global, Inc. (NYSE:SPIR) reached a new 52-week high on Tuesday . The stock traded as high as $23.59 and last traded at $23.0390, with a volume of 4351998 shares trading hands. The stock had previously closed at $21.56.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. HC Wainwright reissued a “buy” rating and issued a $19.00 price objective (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Alliance Global Partners downgraded Spire Global from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $9.00 in a report on Tuesday, December 23rd. iA Financial set a $9.00 price objective on Spire Global in a report on Tuesday, December 23rd. 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. Finally, Canaccord Genuity Group set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research note on Friday, April 10th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.67.

Spire Global Stock Down 0.9%

The business has a fifty day simple moving average of $12.13 and a 200 day simple moving average of $10.81. The company has a market cap of $689.11 million, a price-to-earnings ratio of 13.01 and a beta of 2.23.

Insiders Place Their Bets

In other news, COO Perez Celia Pelez sold 19,134 shares of Spire Global 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 completion of the sale, the chief operating officer directly owned 267,776 shares in the company, valued at approximately $2,284,129.28. This trade represents a 6.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Johann Gabriel Oehme sold 12,757 shares of Spire Global 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 $108,817.21. Following the sale, the chief technology officer owned 221,203 shares of the company’s stock, valued at approximately $1,886,861.59. The trade was a 5.45% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 138,035 shares of company stock worth $1,201,154 in the last ninety days. 14.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPIR. Royal Bank of Canada lifted its position in shares of Spire Global by 164.6% during the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after acquiring an additional 29,066 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Spire Global by 78.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock worth $228,000 after buying an additional 8,395 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Spire Global by 22.3% during the 2nd quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock worth $467,000 after buying an additional 7,165 shares during the last quarter. Invesco Ltd. raised its stake in shares of Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after buying an additional 2,062 shares during the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Spire Global by 58.0% during the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after buying an additional 98,925 shares during the last quarter. 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.