Spire Global (NYSE:SPIR) Shares Gap Up – What’s Next?

Shares of Spire Global, Inc. (NYSE:SPIR) gapped up prior to trading on Monday . The stock had previously closed at $20.01, but opened at $21.00. Spire Global shares last traded at $19.7660, with a volume of 486,054 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday. HC Wainwright restated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.30.

Spire Global Trading Down 3.4%

The stock has a market capitalization of $648.17 million, a P/E ratio of 12.22 and a beta of 2.42. The stock has a 50 day moving average of $15.56 and a 200-day moving average of $11.58.

Spire Global (NYSE:SPIR) last posted its quarterly earnings data 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 company had revenue of $13.92 million during the quarter, compared to analysts’ expectations of $15.08 million. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%. Research analysts anticipate that Spire Global, Inc. will post -1.39 EPS for the current year.

Insider Buying and Selling at Spire Global

In other news, CEO Theresa Condor sold 41,712 shares of the 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 $355,803.36. Following the transaction, the chief executive officer directly owned 1,116,581 shares in the company, valued at approximately $9,524,435.93. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Perez Celia Pelez sold 19,134 shares of the 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 transaction, the chief operating officer owned 267,776 shares in the company, valued at approximately $2,284,129.28. This represents a 6.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 138,033 shares of company stock valued at $1,219,760 in the last ninety days. Company insiders own 13.04% of the company’s stock.

Hedge Funds Weigh In On Spire Global

A number of hedge funds and other institutional investors have recently modified their holdings of SPIR. Lane Generational LLC boosted its stake in shares of Spire Global by 40.4% during the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after purchasing an additional 214,532 shares in the last quarter. Stifel Financial Corp lifted its position in Spire Global by 32.9% during the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after acquiring an additional 129,990 shares during the last quarter. DNB Asset Management AS purchased a new stake in Spire Global during the fourth quarter valued at approximately $933,000. Raymond James Financial Inc. lifted its position in Spire Global by 210.0% during the second quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock valued at $2,046,000 after acquiring an additional 116,488 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in Spire Global during the second quarter valued at approximately $1,375,000. 19.97% of the stock is currently owned by institutional investors.

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.