Spire Global (NYSE:SPIR) Stock Price Down 6.3% – What’s Next?

Shares of Spire Global, Inc. (NYSE:SPIR) fell 6.3% on Friday . The company traded as low as $16.42 and last traded at $16.4380. 584,086 shares were traded during trading, a decline of 52% from the average session volume of 1,205,791 shares. The stock had previously closed at $17.54.

Analysts Set New Price Targets

A number of research firms recently weighed in on SPIR. 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. Stifel Nicolaus lifted their price objective on Spire Global from $14.00 to $16.00 and gave the company a “buy” rating in a report on Thursday, March 19th. Weiss Ratings raised Spire Global from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, March 20th. Finally, Canaccord Genuity Group set a $22.00 price objective on Spire Global and gave the company a “buy” rating in a report on Friday, April 10th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.67.

Spire Global Trading Down 4.9%

The firm has a market capitalization of $559.08 million, a price-to-earnings ratio of 10.52 and a beta of 2.23. The firm has a fifty day moving average price of $13.21 and a 200 day moving average price of $11.10.

Insiders Place Their Bets

In other news, CEO Theresa Condor sold 41,712 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value of $355,803.36. Following the transaction, the chief executive officer directly owned 1,116,581 shares of the company’s stock, valued at $9,524,435.93. The trade was a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Peter Platzer sold 58,428 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $8.53, for a total value 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. The trade was a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 138,033 shares of company stock valued at $1,219,760 over the last quarter. 14.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Tudor Investment Corp ET AL bought a new stake in shares of Spire Global during the 3rd quarter valued at $396,000. AQR Capital Management LLC bought a new stake in shares of Spire Global during the 4th quarter valued at $84,000. BNP Paribas Financial Markets raised its position in shares of Spire Global by 84.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 2,749 shares of the company’s stock valued at $33,000 after acquiring an additional 1,260 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Spire Global during the 3rd quarter valued at $25,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Spire Global during the 2nd quarter valued at $25,000. Institutional investors and hedge funds own 19.97% of the company’s stock.

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.