Spire Global (NYSE:SPIR) CTO Johann Gabriel Oehme Sells 3,107 Shares

Spire Global, Inc. (NYSE:SPIR) CTO Johann Gabriel Oehme sold 3,107 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $19.07, for a total transaction of $59,250.49. Following the completion of the sale, the chief technology officer directly owned 218,096 shares of the company’s stock, valued at $4,159,090.72. The trade was a 1.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Performance

SPIR opened at $21.20 on Friday. The company has a 50-day moving average of $16.51 and a 200-day moving average of $11.89. The company has a market capitalization of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a 1-year low of $6.60 and a 1-year high of $23.59.

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

Analyst Ratings Changes

SPIR has been the subject of several research analyst reports. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. HC Wainwright reissued a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research report on Friday, January 23rd. 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. Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Stifel Nicolaus set a $22.00 price objective on shares of Spire Global and gave the company 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 given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $16.30.

Institutional Investors Weigh In On Spire Global

Institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. bought a new stake in shares of Spire Global during the 2nd quarter valued at about $25,000. Russell Investments Group Ltd. bought a new stake in shares of Spire Global during the 3rd quarter valued at about $25,000. Atlantic Private Wealth LLC grew its position in shares of Spire Global by 50.0% during the 3rd quarter. Atlantic Private Wealth LLC now owns 3,000 shares of the company’s stock valued at $33,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after buying an additional 1,260 shares during the last quarter. Finally, Leonteq Securities AG acquired a new position in Spire Global during the 4th quarter valued at about $44,000. Institutional investors 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.