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

Spire Global, Inc. (NYSE:SPIR)’s stock price gapped up before the market opened 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 trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Stifel Nicolaus set a $22.00 price target on shares of Spire Global and gave the stock a “buy” rating in a report on Thursday. Wall Street Zen raised shares of Spire Global from a “strong sell” rating to a “sell” rating in a report on Saturday, April 25th. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a report on Thursday. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $19.00 price target (up from $14.00) on shares of Spire Global in a report on Friday, January 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.30.

Spire Global Stock Down 3.4%

The company has a market cap of $648.17 million, a price-to-earnings ratio of 12.22 and a beta of 2.42. The company’s 50-day moving average is $15.56 and its 200 day moving average is $11.58.

Spire Global (NYSE:SPIR) last released 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. The company had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Analysts predict that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Insider Activity

In related news, COO Perez Celia Pelez sold 19,134 shares of the firm’s stock in a transaction 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 sale, the chief operating officer owned 267,776 shares in the company, valued at approximately $2,284,129.28. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Johann Gabriel Oehme sold 12,757 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,886,861.59. This represents a 5.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 have sold a total of 138,033 shares of company stock worth $1,219,760 in the last ninety days. Corporate insiders own 13.04% of the company’s stock.

Institutional Trading of Spire Global

Several institutional investors have recently modified their holdings of SPIR. Royal Bank of Canada grew its position in shares of Spire Global by 164.6% in the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after purchasing an additional 29,066 shares during the period. JPMorgan Chase & Co. grew its position in shares of Spire Global by 78.3% in the second quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after purchasing an additional 8,395 shares during the period. Rhumbline Advisers grew its position in shares of Spire Global by 22.3% in the second quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock valued at $467,000 after purchasing an additional 7,165 shares during the period. Invesco Ltd. grew its position in shares of Spire Global by 19.5% in the second quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after purchasing an additional 2,062 shares during the period. Finally, Marshall Wace LLP grew its position in shares of Spire Global by 58.0% in the second quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after purchasing an additional 98,925 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.