Spire Global (NYSE:SPIR) Trading Down 4.9% – What’s Next?

Spire Global, Inc. (NYSE:SPIR) fell 4.9% during mid-day trading on Thursday . The company traded as low as $18.35 and last traded at $19.0930. 208,173 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,254,397 shares. The stock had previously closed at $20.08.

Analyst Ratings Changes

A number of research firms have issued reports on SPIR. HC Wainwright reiterated a “buy” rating and issued a $19.00 target price (up from $14.00) on shares of Spire Global in a research note on Friday, January 23rd. Weiss Ratings cut shares of Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Stifel Nicolaus set a $22.00 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Alliance Global Partners reiterated a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Finally, Canaccord Genuity Group set a $22.50 target price on shares of Spire Global and gave the company a “buy” rating in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.30.

Spire Global Stock Performance

The business’s 50 day moving average is $16.13 and its 200-day moving average is $11.76. The firm has a market capitalization of $737.08 million, a price-to-earnings ratio of 12.11 and a beta of 2.42.

Spire Global (NYSE:SPIR) last posted its earnings results on Wednesday, May 13th. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.38) by $0.01. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. The business had revenue of $13.92 million for the quarter, compared to analyst estimates of $15.08 million. Equities research analysts forecast that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Insider Activity at Spire Global

In related news, Chairman Peter Platzer sold 58,428 shares of the company’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 $498,390.84. Following the completion of the transaction, the chairman directly owned 1,693,603 shares in the company, valued at $14,446,433.59. This represents a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Perez Celia Pelez sold 19,134 shares of the company’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 transaction, the chief operating officer owned 267,776 shares of the company’s stock, valued at approximately $2,284,129.28. The trade was a 6.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 138,033 shares of company stock valued at $1,219,760 in the last 90 days. 13.04% of the stock is owned by company insiders.

Hedge Funds Weigh In On Spire Global

Several large investors have recently bought and sold shares of SPIR. Royal Bank of Canada increased its holdings in Spire Global by 164.6% in the 1st quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock valued at $378,000 after buying an additional 29,066 shares during the period. JPMorgan Chase & Co. increased its holdings in Spire Global by 78.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock valued at $228,000 after buying an additional 8,395 shares during the period. Rhumbline Advisers increased its holdings in Spire Global by 22.3% in the 2nd quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock valued at $467,000 after buying an additional 7,165 shares during the period. Invesco Ltd. increased its holdings in Spire Global by 19.5% in the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock valued at $150,000 after buying an additional 2,062 shares during the period. Finally, Marshall Wace LLP increased its holdings in Spire Global by 58.0% in the 2nd quarter. Marshall Wace LLP now owns 269,401 shares of the company’s stock valued at $3,206,000 after buying an additional 98,925 shares during the period. 19.97% of the stock is currently owned by institutional investors and hedge funds.

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.