Spire Global (NYSE:SPIR) CEO Theresa Condor Sells 24,644 Shares

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 24,644 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total value of $469,961.08. Following the completion of the transaction, the chief executive officer owned 963,670 shares in the company, valued at $18,377,186.90. This represents a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Theresa Condor also recently made the following trade(s):

• On Monday, April 20th, Theresa Condor sold 1,200 shares of Spire Global stock. The shares were sold at an average price of $18.31, for a total value of $21,972.00.
• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The shares were sold at an average price of $12.86, for a total value of $15,444.86.

Spire Global Stock Up 10.3%

Shares of SPIR stock opened at $21.20 on Friday. Spire Global, Inc. has a 12 month low of $6.60 and a 12 month high of $23.59. The business’s 50 day moving average is $16.51 and its two-hundred day moving average is $11.89. The company has a market cap of $820.46 million, a PE ratio of 13.50 and a beta of 2.42.

Spire Global (NYSE:SPIR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, beating the consensus estimate of ($0.38) by $0.01. Spire Global had a negative return on equity of 34.05% and a net margin of 77.12%.The company had revenue of $13.92 million for the quarter, compared to the consensus estimate of $15.08 million. As a group, equities analysts expect that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Spire Global

Several hedge funds have recently modified their holdings of SPIR. Lane Generational LLC boosted its position in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock valued at $5,589,000 after acquiring an additional 214,532 shares during the period. Stifel Financial Corp boosted its position in shares of Spire Global by 32.9% in 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 period. DNB Asset Management AS bought a new stake in shares of Spire Global in the fourth quarter valued at approximately $933,000. Raymond James Financial Inc. boosted its position in shares of Spire Global by 210.0% in 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 period. Finally, Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Spire Global in the second quarter valued at approximately $1,375,000. 19.97% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on SPIR. Stifel Nicolaus set a $22.00 price target on Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Weiss Ratings downgraded Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. HC Wainwright reiterated a “buy” rating and set a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Spire Global currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.30.

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.