Insider Selling: Spire Global (NYSE:SPIR) Chairman Sells 7,184 Shares of Stock

Spire Global, Inc. (NYSE:SPIR) Chairman Peter Platzer sold 7,184 shares of Spire Global stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $19.08, for a total transaction of $137,070.72. Following the completion of the transaction, the chairman directly owned 1,478,568 shares in the company, valued at approximately $28,211,077.44. The trade was a 0.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Peter Platzer also recently made the following trade(s):

• On Monday, April 20th, Peter Platzer sold 1,800 shares of Spire Global stock. The stock was sold at an average price of $18.31, for a total transaction of $32,958.00.
• On Friday, March 20th, Peter Platzer sold 1,801 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $23,160.86.

Spire Global Stock Up 10.3%

Shares of Spire Global stock traded up $1.99 on Friday, reaching $21.20. The stock had a trading volume of 1,508,621 shares, compared to its average volume of 1,457,131. The company has a 50 day moving average price of $16.31 and a 200 day moving average price of $11.82. Spire Global, Inc. has a 1 year low of $6.60 and a 1 year high of $23.59. The stock has a market capitalization of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42.

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

Institutional Trading of Spire Global

A number of hedge funds have recently added to or reduced their stakes in SPIR. Lane Generational LLC boosted its holdings in Spire Global by 40.4% during the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after buying an additional 214,532 shares in the last quarter. Stifel Financial Corp boosted its holdings in Spire Global by 32.9% during the fourth quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock worth $3,934,000 after buying an additional 129,990 shares in the last quarter. DNB Asset Management AS purchased a new stake in Spire Global during the fourth quarter worth $933,000. Raymond James Financial Inc. boosted its holdings in Spire Global by 210.0% during the second quarter. Raymond James Financial Inc. now owns 171,956 shares of the company’s stock worth $2,046,000 after buying an additional 116,488 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in Spire Global during the second quarter worth $1,375,000. 19.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SPIR has been the topic of several research analyst reports. Weiss Ratings downgraded shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. 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. HC Wainwright reissued 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. Finally, Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Spire Global presently has an average rating of “Moderate Buy” and a consensus target price of $16.30.

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.