Alison Engel Sells 12,702 Shares of Spire Global (NYSE:SPIR) Stock

Spire Global, Inc. (NYSE:SPIR) CFO Alison Engel sold 12,702 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total value of $242,354.16. Following the sale, the chief financial officer owned 265,838 shares in the company, valued at approximately $5,072,189.04. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Price Performance

NYSE SPIR opened at $21.20 on Friday. The firm has a market cap of $820.50 million, a PE ratio of 13.50 and a beta of 2.42. Spire Global, Inc. has a one year low of $6.60 and a one year high of $23.59. The stock’s 50 day simple moving average is $16.51 and its 200 day simple moving average is $11.89.

Spire Global (NYSE:SPIR) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, topping analysts’ consensus estimates of ($0.38) by $0.01. The business had revenue of $13.92 million for the quarter, compared to analyst estimates 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, equities analysts expect that Spire Global, Inc. will post -1.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Lane Generational LLC boosted its position in shares of Spire Global by 40.4% in the 4th quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after purchasing an additional 214,532 shares during the last quarter. State Street Corp boosted its position in shares of Spire Global by 1.4% in the 4th quarter. State Street Corp now owns 528,164 shares of the company’s stock worth $3,961,000 after purchasing an additional 7,253 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Spire Global by 32.9% in the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after purchasing an additional 129,990 shares during the last quarter. AWM Investment Company Inc. boosted its position in shares of Spire Global by 25.7% in the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock worth $3,137,000 after purchasing an additional 85,492 shares during the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock worth $3,206,000 after purchasing an additional 98,925 shares during the last quarter. 19.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SPIR has been the topic of a number of recent research reports. Wall Street Zen upgraded 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 Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Stifel Nicolaus set a $22.00 price objective on Spire Global and gave the company a “buy” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings lowered Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $16.30.

About Spire Global

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.