Spire Global (NYSE:SPIR) COO Perez Celia Pelez Sells 4,660 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) COO Perez Celia Pelez sold 4,660 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total value of $88,866.20. Following the sale, the chief operating officer directly owned 263,116 shares of the company’s stock, valued at approximately $5,017,622.12. This represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 10.3%

SPIR opened at $21.20 on Friday. The business has a 50 day moving average price of $16.51 and a two-hundred day moving average price of $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, Inc. has a 52 week low of $6.60 and a 52 week high of $23.59.

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

Analyst Ratings Changes

Several equities analysts have issued reports on SPIR shares. Weiss Ratings cut Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Wall Street Zen upgraded Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. HC Wainwright reiterated a “buy” rating and set a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. Stifel Nicolaus set a $22.00 target price on Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Canaccord Genuity Group set a $22.50 target price on Spire Global and gave the stock a “buy” rating 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, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.30.

Institutional Investors Weigh In On Spire Global

Institutional investors and hedge funds have recently modified their holdings of the company. Osaic Holdings Inc. acquired a new stake in shares of Spire Global in the 2nd quarter worth approximately $25,000. Russell Investments Group Ltd. acquired a new stake in shares of Spire Global in the 3rd quarter worth approximately $25,000. BNP Paribas Financial Markets grew its holdings in shares of Spire Global by 84.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock worth $33,000 after acquiring an additional 1,260 shares during the period. Atlantic Private Wealth LLC grew its holdings in shares of Spire Global by 50.0% in the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock worth $33,000 after acquiring an additional 1,000 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Spire Global by 71.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,086 shares of the company’s stock worth $49,000 after acquiring an additional 1,699 shares during the period. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.