Insider Selling: Spire Global (NYSE:SPIR) CEO Sells 22,502 Shares

Spire Global, Inc. (NYSE:SPIR) CEO Theresa Condor sold 22,502 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $14.09, for a total transaction of $317,053.18. Following the transaction, the chief executive officer owned 948,686 shares in the company, valued at approximately $13,366,985.74. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Spire Global Stock Up 0.2%

NYSE SPIR traded up $0.03 during trading hours on Monday, hitting $13.97. The company’s stock had a trading volume of 796,263 shares, compared to its average volume of 1,207,394. Spire Global, Inc. has a twelve month low of $6.60 and a twelve month high of $25.93. The firm has a market capitalization of $546.28 million, a P/E ratio of -5.23 and a beta of 2.55. The stock has a fifty day moving average of $14.69 and a 200 day moving average of $14.96.

Spire Global (NYSE:SPIR) last released its earnings results on Wednesday, August 12th. The company reported ($0.31) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.05). The business had revenue of $18.05 million for the quarter, compared to analyst estimates of $18.53 million. Spire Global had a negative return on equity of 54.03% and a negative net margin of 145.22%.Spire Global has set its FY 2026 guidance at -0.950–0.810 EPS. On average, analysts predict that Spire Global, Inc. will post -1.21 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Spire Global by 164.6% during the first quarter. Royal Bank of Canada now owns 46,728 shares of the company’s stock worth $378,000 after acquiring an additional 29,066 shares during the period. JPMorgan Chase & Co. boosted its stake in Spire Global by 78.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,119 shares of the company’s stock worth $228,000 after purchasing an additional 8,395 shares during the period. Rhumbline Advisers increased its holdings in Spire Global by 22.3% during the 2nd quarter. Rhumbline Advisers now owns 39,240 shares of the company’s stock worth $467,000 after purchasing an additional 7,165 shares in the last quarter. Invesco Ltd. increased its holdings in Spire Global by 19.5% during the 2nd quarter. Invesco Ltd. now owns 12,623 shares of the company’s stock worth $150,000 after purchasing an additional 2,062 shares in the last quarter. Finally, Marshall Wace LLP raised its stake 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. Benchmark reissued a “buy” rating on shares of Spire Global in a research note on Monday, August 3rd. Alliance Global Partners reaffirmed a “neutral” rating on shares of Spire Global in a research note on Thursday, May 14th. Weiss Ratings downgraded shares of Spire Global from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, August 13th. Stifel Nicolaus set a $24.00 price objective on shares of Spire Global and gave the stock a “buy” rating in a research note on Thursday, June 4th. Finally, Canaccord Genuity Group set a $22.50 price objective on shares of Spire Global and gave the company a “buy” rating in a report on Thursday, May 14th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.70.

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.