Insider Selling: Spire Global (NYSE:SPIR) CEO Sells $469,961.08 in Stock

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 24,644 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $19.07, for a total transaction of $469,961.08. Following the completion of the transaction, the chief executive officer directly owned 963,670 shares in the company, valued at $18,377,186.90. This trade represents a 2.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Theresa Condor also recently made the following trade(s):

• On Monday, April 20th, Theresa Condor sold 1,200 shares of Spire Global stock. The stock was sold at an average price of $18.31, for a total transaction of $21,972.00.
• On Friday, March 20th, Theresa Condor sold 1,201 shares of Spire Global stock. The stock was sold at an average price of $12.86, for a total transaction of $15,444.86.

Spire Global Price Performance

Shares of NYSE SPIR opened at $21.20 on Monday. Spire Global, Inc. has a fifty-two week low of $6.60 and a fifty-two week high of $23.59. The firm has a market capitalization of $820.46 million, a P/E ratio of 13.50 and a beta of 2.42. The company’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 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 firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $15.08 million. Spire Global had a net margin of 77.12% and a negative return on equity of 34.05%. Sell-side analysts expect that Spire Global, Inc. will post -1.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Lane Generational LLC increased its holdings in shares of Spire Global by 40.4% in the fourth quarter. Lane Generational LLC now owns 745,217 shares of the company’s stock worth $5,589,000 after acquiring an additional 214,532 shares in the last quarter. State Street Corp raised its position in shares of Spire Global by 1.4% during the fourth 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 period. Stifel Financial Corp lifted its holdings in shares of Spire Global by 32.9% during the 4th quarter. Stifel Financial Corp now owns 524,579 shares of the company’s stock valued at $3,934,000 after purchasing an additional 129,990 shares in the last quarter. AWM Investment Company Inc. lifted its holdings in shares of Spire Global by 25.7% during the 4th quarter. AWM Investment Company Inc. now owns 418,287 shares of the company’s stock valued at $3,137,000 after purchasing an additional 85,492 shares in the last quarter. Finally, Marshall Wace LLP grew 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 valued at $3,206,000 after purchasing an additional 98,925 shares during the period. 19.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on SPIR. Alliance Global Partners reissued a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Stifel Nicolaus set a $22.00 target price on Spire Global and gave the stock a “buy” rating in a research report on Thursday, May 14th. Weiss Ratings cut Spire Global from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Spire Global from a “strong sell” rating to a “sell” rating in a research report on Saturday, April 25th. Finally, Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the stock 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 issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.