Spire Global (NYSE:SPIR) Trading Down 8.1% – Time to Sell?

Spire Global, Inc. (NYSE:SPIR)’s share price traded down 8.1% during mid-day trading on Thursday . The company traded as low as $23.88 and last traded at $23.4150. 325,061 shares were traded during trading, a decline of 75% from the average session volume of 1,294,086 shares. The stock had previously closed at $25.48.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. 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 report on Saturday, April 25th. Stifel Nicolaus set a $22.00 price target on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Canaccord Genuity Group set a $22.50 price target on Spire Global and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.30.

Spire Global Price Performance

The business has a 50 day moving average of $17.28 and a 200 day moving average of $12.20. The firm has a market capitalization of $914.99 million, a price-to-earnings ratio of 14.96 and a beta of 2.42.

Spire Global (NYSE:SPIR) last issued its earnings results on Wednesday, May 13th. The company reported ($0.37) EPS for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. The business had revenue of $13.92 million during 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%. On average, sell-side analysts forecast that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Alison K. Engel sold 12,702 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer directly owned 265,838 shares in the company, valued at approximately $5,072,189.04. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Chairman Peter Platzer sold 7,184 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $19.08, for a total value of $137,070.72. Following the completion of the transaction, the chairman owned 1,478,568 shares of the company’s stock, valued at $28,211,077.44. The trade was a 0.48% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 58,299 shares of company stock valued at $1,091,038 in the last ninety days. 13.04% of the stock is currently owned by insiders.

Institutional Trading of Spire Global

A number of large investors have recently bought and sold shares of SPIR. Lane Generational LLC grew its position in 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 grew its position in 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 Spire Global in the fourth quarter valued at $933,000. Raymond James Financial Inc. grew its position in 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 Spire Global in the second quarter valued at $1,375,000. 19.97% of the stock is currently owned by institutional investors.

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.